Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases $8 $483 billion. $376 billion. $372 billion. $317 billion. 47 73 46 13 41 10 23 97 314 Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice 27 24 46 23 50 16 11 66

Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases $8 $483 billion. $376 billion. $372 billion. $317 billion. 47 73 46 13 41 10 23 97 314 Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice 27 24 46 23 50 16 11 66

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 48CTQ: Why might a tax on domestic consumption of resources critical for national security be a more...

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Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exports
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Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
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-0.75% Question 50 A circular flow diagram O is shows the link between government spending and investment O it shows how government and firms are connected through factor and government markets O shows how firms and households are connected through product and factor markets O it shows foreign exchange markets Su No new data to save. Last checked at 6:47am discord.comis sharing your screen and audio. Stop sharing Hide 82 F