Refer to the information provided in TableDepreciationReceipts of factor income from the rest of the worldGovernment purchasesTableImportsPayments of factor income to the rest of the worldNet private domestic investmentPersonal income taxesPersonal consumption expendituresDividendsExportsAmount of national income not going to householdsSelect one:OOORefer to Table The value for national income in billions of dollars isa. 940.b. 970.c. 890.d. 910$Billions40301005050200120600206020

Macroeconomics deals with the overall economy. It focuses on inflation, recession, unemployment,…

Refer to the information provided in Table O O O O Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Table Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households Select one: a. Refer to Table The value for national income in billions of dollars is 940. b. 970. O c. 890. O d. 910 $Billions 40 30 100 50 50 200 120 600 20 60 20

Refer to the information provided in Table O O O O Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Table Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households Select one: a. Refer to Table The value for national income in billions of dollars is 940. b. 970. O c. 890. O d. 910 $Billions 40 30 100 50 50 200 120 600 20 60 20

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 a closed economy has a national income of $260 milion. $535 midon in private savings, $200 millon worth of tax evenue, and $150 milion in govemment spenting what is the consumprion expenditure in this economy? Os125 milion Os155 milion OS385 mition Ossa5 milion OS645 milion
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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
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Between 2017 and 2018, the exports of the X economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: a. The change in net exports will decrease GDP by $5 billion. O b. The change in net exports will decrease GDP by $10 billion. C. d. The change in net exports will increase GDP by $5 billion. O e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.
Which of the following types of spending should be not included in Government Purchases, one of the four expenditure components used to measure U.S. Gross Domestic Product? Select one: O a. The federal government purchases an airplane for the U.S. Air Force. O b. The state of Louisiana pays unemployment insurance benefits to qualified unemployed persons. O c. The salaries paid to members of the U.S. Congress. Od. The state of Louisiana pays a construction company to build new roads.