The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world National Income 50.00 1,960.00 Inventory Adjustment Personal Consumption Expenditure Depreciation Exports 0.00 1,400.00 60.00 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 70.00 200.00 0.00 Imports 220.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)

The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world National Income 50.00 1,960.00 Inventory Adjustment Personal Consumption Expenditure Depreciation Exports 0.00 1,400.00 60.00 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 70.00 200.00 0.00 Imports 220.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the information provided in Table Table $Billions 625 Compensation of employees Proprietors' income Corporate profit 70 50 Net interest 40 Rent al income 15 Deprecation Indirect taxes 90 35 Direct taxes 60 Subsidies 10 Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 25 20 If GNP is $625 billion and depreciation is $125 billion, then net national product is Select one: a. $750 billion b. $500 billion C. $700 billion d. $5 billion
不 The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world 50.00 National Income 1,970.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,400.00 Depreciation 60.00 Exports 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment 80.00 200.00 0.00 220.00 Statistical Discrepancy Imports Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $billion. (Enter your response as an integer)
Gross Domestic Product - Depreciation = A. Nominal GDP B. Real GDP C. Net Domestic Product D. Per Capita GDP
Compute for GNP using Expenditure, Income, and Valued Added Approach. Personal Consumption Expenditures Rents, Interests, Dividends, Wages 1,100,000 950,000 Government Income 35,000 Indirect Taxes 130,000 Exports of goods and non-factor services Fixed Capital Formation Forestry 650,000 270,000 55,000 Government Services 120,000 Imports of goods and non-factor services Subsidies 640,000 5,000 Trade 280,000 Increase in Stocks Corporate Income Depreciation Allowance General Govemment Consumption Expenditures Net Factor Income from Abroad Agriculture 7,000 60,000 17,000 80,000 20,000 550,000 Real Estate 150,000
Answer (iv) & (v) only.
If National income is $1300 million, net factor income from abroad is $500 million Find the value of net domestic product at factor cost
gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?
Personal consumption expenditures in billions of dollars are
Green accounting refers to the incorporation of depreciation of: a.physical and human capital in national income accounting b.natural capital only in national income accounting c.physical and natural capital in national income accounting d.physical capital only in national income accounting
Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest Proprietors' In come Transfer Payments Dividends Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consumption Expenditures Consumption of Fixed Capital (Capital Depreciation) Net Foreign Factor Income Corporate Profits Statistical Discrepancy $ Billions 35 15 28 31 20 31 26 52 43 16 320 45 36 55 35 25 395 45 10 83 -14 a. With the data above, clearly show your steps including the economic variables involved and calculate: 1. Gross Domestic Product (by any approach of your choice). Interpret your estimated GDP value. 2. National Income (by any approach of your choice). Interpret your estimated national income value. 3. Personal Income. Interpret your estimated personal income value.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
For a good or service to be counted in a given year's gross domestic product (GDP), what four criteria must be met? have a market value, be a final good or service, be produced within a given country, and be produced within a certain time frame have a market value, be a final good or service, be produced within a given country, and be produced independent of any set time frame have a market value, be an intermediate or final good or service, be produced within a given country, and be produced within a certain time frame have a market value, be a final good or service, be produced within a given country or in another country with whom they have established trade relations, and be produced within a certain time frame