Refer to Table 4, The value for GDP in billions of dollars is (CLOS # 3) Table 4 Compensation of employees (household) Depreciation 223 27 Rents 14 Interest 13 Indirect Business Taxes 18 Corporate Profits Transfer payment 56 12 Net Foreign Factor Income 4 Proprietor's Income 33 Personal taxes 26 Corporate income taxes 19 Select one: O a. 376 O b. 386 O c. 384 O d. 377

Refer to Table 4, The value for GDP in billions of dollars is (CLOS # 3) Table 4 Compensation of employees (household) Depreciation 223 27 Rents 14 Interest 13 Indirect Business Taxes 18 Corporate Profits Transfer payment 56 12 Net Foreign Factor Income 4 Proprietor's Income 33 Personal taxes 26 Corporate income taxes 19 Select one: O a. 376 O b. 386 O c. 384 O d. 377

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose the following data are from the Economic Report of the President for the current year. Use the data in this table to answer the questions that follow. National Income Data Spending Category Corporate profits Depreciation Gross private domestic investment Personal taxes Personal saving Government spending Imports Net interest Compensation of employees Rental income Exports Personal consumption expenditures Indirect business taxes Contributions for Social Security (FICA) Transfer payments and other income Proprietors' income Amount (Billions of dollars) 305 490 716 565 120 924 547 337 2,648 19 427 2,966 370 394 967 328 Given the values in the table, the value of national income (NI) is $ billion National income is a better measure of economic performance than GDP because it adds subtracts the loss in capital value measured by depreciation.
The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the missing data. Remember to enter a minus (-) sign to indicate negative values. Expenditures Consumption Gross investment Government spending Net exports Gross domestic product at market prices 100 Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/- net foreign factor income Net national product at basic prices 320 350 30 260 50 160 70 1100 220 100 -10 780 320 06 160 130
GDP in an economy is $23,600 billion. Consumer expenditures are $18,000 billion, corporate profits are 600 billion, government purchases are $6,000 billion, and gross private domestic investment is $300 billion, stock purchases are $500 billion. What is the value of the net exports? O+$400 billion O-$700 billion O-$1.800 billion O-$300 billion O+$500 billion
Refer to the Table. Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 3 is Year 1 Good X 60 Good Y 100 OA) $204. OB) $222. OC) $250. OD) $270. Production Year 2 80 110 Year 3 100 130 Year 1 $1.00 $0.80 Prices Year 2 $1.00 $0.90 Year 3 $1.40 $1.00
9:11 %00N a 46 l VOLTE عدنان الكثيري قبل ۱5 دقيقة Government spending Social Security contributions Corporate taxes Personal income taxes 50 Profit 28 20 Indirect business taxes 10 Imports Exports Interest 8 Rent 54 Wages Consumption expenditures Gross Private Domestic Investment 231 Depredation Government transfer payments 10 250 8 40 Using the above table, the Disposable Personal Income (DPI) for the country is Select one: O a. 147. O b. 78. O 220. Od. 293. ?? A
Refer to the following table when answering the following questions. Table: U.S. 2015-2018 Domestic Income ($ billions) Compensation of employees, paid Wages and salaries Supplements to wages and salaries Business taxes Business subsidies Net operating surplus Private enterprises Surplus of government enterprises Show Transcribed Text Supplements to wages and salaries Business taxes Business subsidies 3 Net operating surplus Private enterprises Surplus of government enterprises Source: U.S. Bureau of Economic Analysis 2015 2018 O $13.850 O $9.704 O $31.518 O $18.480 9.264 9.704 7,487 7,866 1,777 1.838 1,210 1,238 57 4,489 4.575 4,509 4,593 -20 -19 1,777 1,838 1.210 1.238 57 57 4,489 4.575 4.509 4.593 Depreciation of fixed capital 2.745 2.831 57 -20 -19 From this data, total GDP in 2015 was about billion.
50 Gross Private Domestic Investment $ 1,593 Personal Taxes 1,113 Transfer Payments 1,683 Taxes on Production and Imports 695 Corporate Income Taxes 213 Personal Consumption Expenditures 7,304 Consumption of Fixed Capital 1,393 US Exports 1,059 Dividends 330 Government Purchases 1,973 Net Foreign Factor Income 10 Undistributed Corporate Profits 141 Social Security Contributions 748 US Imports 1,483 Statistical Discrepancy 50 Refer to the accompanying national income data (in billions of dollars). Corporate profits are equal to
Table 15-11 Nominal GDP $8,782 $9,274 Year 1998 1999 Real GDP $8,509 $8,859 Refer to Table 15-11. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 1999 equals O 95.5. O 104.7. O 105.6. O 104.1.
Item € (thousand) Mixed income 165 Government spending 136 Compensation of 1,735 employees Personal taxes 37 Gross investment 128 Indirect taxes 300 Corporate profits 194 Exports of goods and 249 services Imports of goods and 289 services Subsidies 41 Using the data in the above table, gross domestic product equals O €2,592. O €2,090. O €2,094. O €2,353.
Using the data in the table, gross domestic product equals O A. $2,150. B. $1,920. O C. $2,400. O D. $1,940. Corporate profits Net interest Indirect taxes less subsidies Depreciation Compensation of employees Proprietor's income Rental income Personal consumption expenditures Government expenditure on goods and services Net exports of goods and services $200 150 230 250 1,350 150 70 1,400 500 40
5. The following data (in millions of dollars) expresses all the relevant information for the agents in a given economy: Consumption 300 Wages and Salaries 275 Net Interest and Rents 40 Government Expenditures on Goods and Services 125 Indirect Taxes Minus Subsidies 60 Imports 100 Exports 150 Gross Investment 90 Depreciation 50 Corporate Profits 75 Proprietor's Income 60 a) Determine the gross domestic product for this economy. b) Determine the national income for this economy. c) Determine the net factor income from abroad for this economy. What is the meaning of this value?
QUESTION 2 NATIONAL INCOME DATA (in current prices) 1992 III Personal consumption expenditures Gross private domestic investment Government purchases of goods and services 02. Based on this table, the Net Domestic Product is $ Exports Imports Capital consumption allowance (depreciation) Source: Survey of Current Business, Vol. 72, Number 10, (October 1992), p. 8, 10 QUESTION 3 billion. NATIONAL INCOME DATA (in current prices) 1992 III Personal consumption expenditures Gross private domestic investment Government purchases of goods and services 03. Based on this table, the Net Exports figure is $ (in billions of dollars) 4,105.0 776.9 1,122.5 626.8 664.2 697.3 billion. (in billions of dollars) Exports Imports Capital consumption allowance (depreciation) Source: Survey of Current Business, Vol. 72, Number 10, (October 1992), p. 8, 10 4,105.0 776.9 1,122.5 626.8 664.2 697.3