The table presents 2019 data from the national income and product accounts of the U.S. A. Which component is lacking to compute GDP by the income approach? [ Select ] B. Calculate the dollar value of this missing component. [Select] Component $, billions Personal consumption 14,562.7 Employee compensation 11,427.7 Rental income 777.9 Government's consumption and investment 3,753.0 Imports 3,136.0 Depreciation 3,719.8 Corporate profits 2,074.6 Interest income 644.9 Exports 2,504.2 Gross private investment 3,743.9 Indirect business taxes 1,420.1 Self-employment income 1,658.2

The table presents 2019 data from the national income and product accounts of the U.S. A. Which component is lacking to compute GDP by the income approach? [ Select ] B. Calculate the dollar value of this missing component. [Select] Component $, billions Personal consumption 14,562.7 Employee compensation 11,427.7 Rental income 777.9 Government's consumption and investment 3,753.0 Imports 3,136.0 Depreciation 3,719.8 Corporate profits 2,074.6 Interest income 644.9 Exports 2,504.2 Gross private investment 3,743.9 Indirect business taxes 1,420.1 Self-employment income 1,658.2

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter3: Data Visualization

Section: Chapter Questions

Problem 2P: The following table shows an example of gross domestic product values for five countries from 2005...

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Question 41 Use the table given below to calculate GDP using the expenditure approach: Personal Consumption Spending $850 Interest $ 90 Corporate Profit $150 Government Purchases $400 Depreciation $100 Rent $ 70 Gross Private Domestic Investment $120 Compensation of Employees $830 Exports $120 Imports $ 70 Indirect Business Taxes $ 80 Proprietors’ Income $120 Personal Income Tax $110 Income Earned but Not Received $140 Income Received but Not Earned $160 Receipt of Factor Incomes from the Rest of the World $ 50 Receipt of Factor Incomes to the Rest of the World $ 30 Question 41 options: a) $1260 b) $2460 c) $1540 d) $1420
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Table 2 Gross Private Domestic Investment $46 9. Exports of the U.S. Disposable Income 190 Personal Saving 10 Government Purchases 84 Net Foreign Factor Income 10 Consumption of Fixed Capital 52 Dividends 13 Imports of the U.S. 12 Taxes on Production and Imports 22 Personal Taxes 38 Social Security Contributions 23 Statistical Discrepancy 7. Refer to Table 2 (all figures in billions of dollars). The net domestic product is. a. $233. b. $255. c. $230. d. $348. 8. Refer to Table 2 (all figures in billions of dollars). The national income is. a. $265. b. $223. C. $208. d. $346. 9. Refer to Table 2 (all figures in billions of dollars). Personal income is. a. $184. b. $221. c. $149. d. $228.
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SECTION BREAK - Answer All Part Questions Nominal GDP (in sbillion) $600 648 701 755 Year 2019 2020 2021 O c. 2022 Refer to the information above to answer this question. What is the value of the GDP deflator in 2020? O a. 100.0 O b. 103.0 104.6 O d. 108.2 Real GDP (in sbillion) $600 629 658 699
FRED Millions of Dollars -20,000 -40,000 -60,000 -80,000 -100,000 -120,000 -B Trade Balance: Goods and Services, Balance of Payments Basis 1995 2000 2000 2005 2010 2015 Sources: U.S. Census Bureau; U.S. Bureau of Economic Analysis Customize | Download Data | FRED - Economic Data from the St. Louis Fed 2020 1. Is the United States currently in a trade deficit or a trade surplus situation? 2. What is the most recent amount of deficit or surplus? 3. There's a time between July 2008 and February 2009 when the value of the trade deficit changed substantially. Did the trade deficit increase or decrease during this time?
21. Gross domestic product. The U.S. gross domestic prod- Luct, in billions of current dollars, may be modeled by the function P(x) = 367 + x(36x0.6 – 104), where x is the number of years since 1960. (Source: U.S. Bureau for Economic Analysis.) Use P'(x) to estimate how much the gross domestic product increased from 2014 to 2015.
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Table 6.8 $Billions Deprediation Receipts of factor income from the rest of the world Govermment purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 20 40 150 50 40 160 80 Personal consumption expenditures 700 Dividends 10 Exports Amount of national income not going to households 70 30 Refer to Table 6.8. The value for GNP in billions of dollars is Select one: O a. 990. O b. 1.080. Oc. 1,050. Od. 1.200. ENG 40 a DA W-
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Q1-2 Consider the following hypothetical information on the national income account for Canada. Category Billions of $ Consumption spending 400 Investment spending 50 Government spending on goods & services 80 Exports 230 Imports 80 Factor income receipts from abroad 20 Factor income payments abroad 10 Net unilateral transfers 5 What is Canada's current account? a. $165 b. $150 c. $15 d. $695
WhyRU Company usually depreciates its equipment using straight line method for accounting purposes, but for tax purposes its sum-of-the-years method. WhyRU Company acquired the equipment through purchase amounting to P2,400,000 on January 1,2018. Assume a tax rate of 30%. Useful life is 4 years. WhyRU Company made the following income in its income tax return available through reports for 2018 – P800,000; 2019 – P890,0000; 2020 – P1,200,000; 2021 – P1,500,000 There is no other differences between WhyRU's accounting income and taxable income for years 2018, 2019, 2020 and 2021 other than for the difference in depreciation for the equipment described.