The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the data in the table. Item Dollars GDP (income approach) Consumption expenditure Indirect taxes less subsidies Other factor incomes 2,900 2,000 100 500 Calculate net domestic income at factor cost and the statistical discrepancy. Net domestic income at factor cost is $ 800 Investment Government expenditure Wages Net exports 400 The statistical discrepancy is $ 2,000 -200

The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the data in the table. Item Dollars GDP (income approach) Consumption expenditure Indirect taxes less subsidies Other factor incomes 2,900 2,000 100 500 Calculate net domestic income at factor cost and the statistical discrepancy. Net domestic income at factor cost is $ 800 Investment Government expenditure Wages Net exports 400 The statistical discrepancy is $ 2,000 -200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 13 dislikes for you and more from my friends accounts also.
If exports and imports is US are $450 million and $380 million respectively Calculate the value of net exports
The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs. 2016 2016 2017 2017 price quantity price quantity ford escapes $24,485 307,069 $24,645 308,296 ford trucks $44,400 820,799 $24,645 896,764 a. Calculate the amount contributed by Ford to U.S. GDP (real and nominal) from the sales of the two models in 2016 and 2017. b. Determine the growth rate of nominal GDP (if Ford were the entire economy). c. Determine the growth rate of real GDP (if Ford were the entire economy).
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The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the data in the table. Item Dollars 3,300 GDP (income approach) Consumption expenditure Calculate the sum of total income less wages, and the statistical discrepancy. 2,400 Indirect taxes lest subsidies 150 Net domestic income at factor .... cost 3,000 Investment 1,025 Total income less wages is $ Government expenditure 650 Wages Net exports 2,350 - 400 The statistical discrepancy is $