SDP for the Calculate the four components of expenditure and Instructions: Enter your responses as whole numbers. GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments $550 $75 $200 $100 $200 Imports $50 Beginning-of-year inventory stocks End-of-year inventory stocks Business foxed investment Government payments to retirees Household purchases of durable goods $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:

SDP for the Calculate the four components of expenditure and Instructions: Enter your responses as whole numbers. GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments $550 $75 $200 $100 $200 Imports $50 Beginning-of-year inventory stocks End-of-year inventory stocks Business foxed investment Government payments to retirees Household purchases of durable goods $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. Amount Item (trillions of dollars) What is consumption expenditure as a percentage of disposable personal income? Wages Government expenditure 5.9 1.8 >>> Answer to 1 decimal place. Interest, rent, and profit Consumption expenditure 2.2 National income is $ trillion and disposable personal income is $ trillion. 7.0 Investment 1.6 Disposable personal income is percent of national income. Net exports - 0.3 Indirect taxes less subsidies 0.7 Retained profits Transfer payments 1.4 Consumption expenditure is percent of disposable personal income. 1.1 Personal income taxes 1.2 GNP 10.1 Depreciation 1.2 Enter your answer in each of the answer boxes. MacBook Air DII F12 F11 F10 000 000 888 F9 80 F7 F8 F6 F5 F4 F3 esc F2 F1 & # ! 7 8 1 2 3 4 { P T Y Q W E tab J K F G A S caps lock M + I/ %24 D
Using the following national income accounting data, compute GDP, NDP, and NI. All figures are in billions. Round your answers to one decimal place. category value compensation of employees $ 196.2 U. S. exports of goods and services 19.8 Consumption of fixed capital 11.8 government purchases 59.4 taxes on production and imports 14.4 net private domestic investment 52.1 transfer payments 13.9 U. S. imports of goods and services 16.5 personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy 40.5 2.2 219.1 0
Use the following data to answer the questions below: Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases a. How much is GDP? Instructions: Enter your responses as a whole number. $ $ billion b. How much is net investment? $ Billions of Dollars $200 20 12 30 60 billion c. How much is national income? billion 50 10 80
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The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy. Gross investment expenditure Wages and salaries Consumption expenditure Interest and investment income Business profits Depreciation Indirect taxes less subsidies Net exports TABLE 20-4 $402.00 $1741.00 $1302.40 $99.40 $70.40 $199.20 $175.20 $94.00 Refer to Table 20-4. What is the value of GDP, as calculated from the income side? $2010.00 $1982.60 $1986.00 $2584.40 $2285.20
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