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 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 the Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Incomes Less depreciation Less indirect taxes (net of subsidies). Net domestic income at basic prices +/-net foreign factor income (Net) national income Add transfer payments Less undistributed profit Less corporate profit tax Less other income items Personal income Less personal income taxes Disposable income Savings Consumption 260 50 160 70 -10 1100 220 100 130 780 320 90 160

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 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 the Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Incomes Less depreciation Less indirect taxes (net of subsidies). Net domestic income at basic prices +/-net foreign factor income (Net) national income Add transfer payments Less undistributed profit Less corporate profit tax Less other income items Personal income Less personal income taxes Disposable income Savings Consumption 260 50 160 70 -10 1100 220 100 130 780 320 90 160

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

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
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
< Prev
O Search
the
Compensation of employees.
Gross operating surplus
Gross mixed income
Taxes less subsidies on production.
Indirect taxes (net of subsidies)
Gross domestic income at market prices
Less depreciation
Less indirect taxes (net of subsidies)
Net domestic income at basic prices
+/-net foreign factor income
(Net) national income
Add transfer payments
Less undistributed profit
Less corporate profit tax
Less other income items
Personal income
WY
Less personal income taxes
Disposable income
Savings
Consumption
NO
Incomes
8 of 14
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260
1100
100
50
160
70
220
-10
130
780
320
99
160

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GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income
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?
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.
Hand written solutions are strictly prohibited
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
What would be the value of national income if net domestic product at factor cost is $39,000 and the net factor income from abroad is $12,000
What is the value for Gross Domestic Product if households receive $315 in net interest income, wages equal $10,169, rental receipts on land are $884, total business profits before taxes are $1,862, and indirect business taxes are $1,139? Assume depreciation and net foreign income are zero. Enter the value without a $ and without commas.
I’m having trouble answers these two questions because I understand them I just need the formula to answer! Thank you, need answer for I) and II).
Written answer with explanation only
Consider the following table: GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments National income (NI) equals $11800 billion. (Enter your response as an integer.) Personal income (PI) equals $ 11250 billion. (Enter your response as an integer.) Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.) Billions of dollars $13,200 1,400 1,250 700 1,000
Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest $8 47 73 $372 billion. $317 billion. 46 13 41 10 23 97 314 27 24 46 23 50 16 Undistributed Corporate Profits Statistical Discrepancy 66 Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice $483 billion. $376 billion. 11
Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases $ 40 15 20 40 22 24 35 90 Gross Private Domestic Investment 75 U.S. Imports 22 Personal Consumption Expenditures 250 Consumption of Fixed Capital (depreciation) Net Foreign Factor Income Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). DI is 25 10 0 Multiple Choice $284. $329. $274, Prev 10 of 50 Next >