US imports 260 Personal Taxes 45 Transfer Payments 247 US Exports Personal Consumption Expendi tures 249 475 Net Foreign Factor Income 5. Gross Private Domestic Investment 300 Taxes on Production and Imports 245 Undistributed Corporate Profits 60 Social Security Contributions 240 Corporate Income Taxes 65 Statistical Discrepancy 40 Refer to the accompanying national income data (in billions of dollars). National income is
Q: Question 7 Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment $$ 47 73…
A: Answer - Given in the question- Need to find- Refer to the accompanying national income. Gross…
Q: Goods imports 635 Goods exports 419 Services imports 144 Services exports…
A:
Q: $2850 Expenditures for consumer goods and services 250 Exports 810 Government purchases of goods and…
A:
Q: Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88…
A: National income: It is the sum total of the aggregate of the total income that is being earned by…
Q: Personal consumption expenditures Government purchases Net private domestic investment Exports…
A: Given the values, we have to find out the GDP, GNP, NNP, and NI. Now, it is known that the GDP is…
Q: Calculate the value of net national product from the following:- Wages and salaries = $800 Rent =…
A: We are given with the information as follows:- Wages and salaries = $800 Rent = $300 Interest = $400…
Q: Personal Consumption Expenditures $ 400 Government Purchases 128 Gross Private Domestic Investment…
A: The National Money is the total amount of income earned by a country from economic activity over the…
Q: Gross Private Domestic Investment $ 46 Exports of the U.S. 9 Disposable Income Personal Saving 190…
A: Gross domestic product is the value of all final goods and services produced in an economy over a…
Q: $8 Net Foreign Factor Income Corporate Profits 47 46 Proprietors' Income 13 Dividends 41 Consumption…
A: National income the total factored income earned by normal resident's of country during an…
Q: The following table contains data for Mindalion for the year 2019. GDP Income earned by citizens…
A: Gross national product for Mindalion in 2019 is Answer: c. $701 GNP is the addition of net income…
Q: Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars):…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: The value of total goods and services produced entre the country by residence and foreign supplied…
A: Inflation: Inflation is the rise in the general price level of goods and services over a specified…
Q: What is the formula for the NET DOMESTIC PRODUCT In the economic HELP
A: In an economy, domestic product refers to the total output generated or produced within the economic…
Q: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect…
A: Given, GDPMP = R397bn Net primary income payments to the rest of the world = R37bn Indirect taxes =…
Q: The table below contains data for country A for the year 2010. Household purchases of durable goods…
A: GDP refers to the total value of finished goods and services that produced within the economic…
Q: Personal Taxes $ 23 Net Private Domestic Investment 33 Net Exports National Income 278 U.S. Exports…
A: National income:- Value is that the entire value of all commodities and services made by the…
Q: Corporate Income Taxes 240 Government Transfer Payments. 522 US Exports. 78 Undistributed Corporate…
A:
Q: Personal Taxes $ 23 Net Private Domestic Investment 33 Net Exports National Income 278 U.S. Exports…
A: Gross domestic product (GDP) at current market prices is referred to as nominal GDP. Nominal GDP…
Q: In-Class Exercise – Gross Domestic Product (GDP) 1. GDP as a measure of economic welfare fails to…
A: please find the answer below.
Q: Following is a list of domestic output and national income figures for a given year. All figures are…
A: Gross Domestic Product is the national income measure whose relevance can be verified by computing…
Q: National Income Data (all figures are in billions of dollars) Business retained earnings 240…
A: A way of measuring the economic welfare of a nation, the GDP is the amalgamation of all the values…
Q: Houschold purchases of durable goods Household purchases of nondurable goods Household purchases of…
A:
Q: Personal Taxes $ 40 Social Security Contributions 15 Taxes on Production and Imports 20 Corporate…
A: The gross domestic product (GDP) is a monetary measure of the market value of all final products and…
Q: Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars):…
A: GDP expenditure method C+I+G+X-M GDP Income method Compensation to employees + Operating surplus +…
Q: Why the following are not counted in the GDP.intermediate goods,transfer payments, used goods ,non…
A: Intermediate goods are excluded since GDP measures the value of final goods only. Inclusion of…
Q: Find the value of net domestic product.
A: GDP is used in the measurement of the level of economic activities in a country and is an important…
Q: Which of these items is not a part of the country’s national income? a. Income made by stores that…
A: Which of these items is not a part of the country’s national income? B) government transfer…
Q: Gross Private Domestic Investment $1,593 Personal Taxes 1,113 Transfer Payments 1,683 Taxes on…
A: National income is the market value of all goods and services produced in the economy in a given…
Q: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect…
A: Net national product (NNI) at factor cost can be calculated by using the following formula.
Q: Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm =…
A: The data presented in the question above is:- Domestic sales by firm = $5500 Exports by firm =…
Q: Gross Investment $ 18 National Income 100 Net Exports 2 Personal Income 85 Personal Consumption…
A: Given:National Income = $100 billiomNet Domestic Product=$105 billion
Q: The following national accounting data are available for an economy for 2020. GDP Household…
A: National savings is the total savings of an economy which includes the savings of households,…
Q: GDP calculation? a GDP includes earnings of both the citizens and non-citizens but are residing…
A: Gdp is the total monetary and market value of finished godds and services that produced within a…
Q: Define what is a country’s gross domestic product (GDP) and list and explain its various components.
A: GDP is significant since it gives information about an economy's size and performance.Real GDP…
Q: gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on…
A: Corporate profits are are important for calculation of GDP of the country by income method.
Q: Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All…
A: Gross domestic product (GDP) by expenditure approach adds up the desired spending by the below four…
Q: Gross Investment $ 18 National Income 100 Net Exports Personal Income 85 Personal Consumption…
A: please find the answer below.
Q: Gross Private Domestic Investment $ 1,593 Personal Taxes 1,113 Transfer Payments 1,683 Taxes on…
A: Corporate profit is that the money left over after a company pays all of its expenses. All of the…
Q: What would be the value of national income if net domestic product at factor cost is $39,000 and the…
A: The data presented in the question is:- Net domestic product at factor cost (NDPFC) = $39,000 Net…
Q: Using the following national income accounting data, compute GDP, NDP, and NI. All figures are in…
A: The Calculation of GDP is shown below:
Q: Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars):…
A: Calculation of GDP through both methods are given below
Q: National Income Determination The following figures are from data on Good Island Economy Items $m…
A: "Gross private investment in a nation is referred to as a physical investment which is used in…
Q: GDP: O ignores intermediate goods. O estimates the increase or decrease in quality of production…
A: Definition of GDP- The gross domestic product (GDP) is the value of all final goods and services…
Q: Provide a comprehensive definition of the term, Gross National Product.
A: Below find the definition:
Q: In the table below, you are given data for the country of Sequola. Exports Consumption Gross…
A: HERE AS PER INFORMATION WE CALCULATE THE GDP BY USING THE EXPENDITURE FORMULA AFTERWARDS WILL CHANGE…
Q: You are given the following data. Calculate GNP and GDP at factor cost. GNPMP 600 Indirect…
A: Given, GNPMP= 600GDPMP=GNPMP- Net factor income from abroadGDPMP = 600 - 100GDPMP = 500
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- National Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal IncomeThe following diagram shows select information for an economy made up of three industries for a particularly year. i+wtr+p Industry 1 f-40 10 Hwtrtp -0 20 90 30 Industry 2 +f-160 i+wtr+p f-0 Industry 3 m- 100 iminterest, wwages/salaries;r=rent pprofit, m=intermediate inputs, s= maket value of total industry output; f=market value of industry output sold as 'final' products. Note: All values are in billions of doll ars What is the gross domestic product (at factor prices) for this economy? none is correct O $400 billion O $600 billion O $330 billion 24237/take/gustion/200 EXGiven the following income data, please answer the questions below: Real GDPConsumption IgGovernmentExportsImports$ 80000$120000$7000 $18000$6000$11000$160000$180000$7000 $18000$6000$ 11000$240000$240000$7000 $18000$6000$11000$320000$300000$7000 $18000$6000$11000$400000$360000$ 7000 $18000$6000$11000 a. Solve for net exports in each row.b. Solve for aggregate expenditures (AE) in each row.c . State the value for the equilibrium GDP. d. If imports were to increase by $40000 so they are now equal to $51000. solve for net exports again.e. With this new export value, solve for aggregate expenditures in each row.f. State the value for the new equilibrium GDP.g. Solve for the multiplier (you can solve for either the actual or simple multiplier).
- Nimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…58 minutes ago Detions V ot we ep M. ABDEL RAHM.. MMED Heba Mamdouh FFARAH ORAS MARIAM HANY A MERUM YASSER Question 2: MCQ Which of the following would be included in the gross domestic Sroduct of Braza A the profits earned by a U. S owned plant in Brazil Bithe profits earned by a Brazilian coffee company operating in the United States the profits earned by a Brazilian colfee company operating in Peru D the profits earned by U. S suppliers to Brazil operating in the Unite States Bị the profits carned by Peruvian companies operating outside Brazil Paricloants howe Chal ReactanaThe Protection of Personal Information Act (or POPI Act) is South Africa'sequivalent to the EU GDPR. It sets some conditions for responsible parties tolawfully process the personal information of data subjects (both natural andjuristic persons). The most affected industries are financial services, healthcare, and marketing. The POPI Act does not apply automatically to the processing of Personal Information in all instances. In what instances will personal data be excluded from the conditions set out in POPIA?
- The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users ofthe final output. The agriculture sector produces maize worth K16000 and milk worth K16000.Maize worth K4000 as well as milk worth K6000 is sold to consumers for direct consumption, andmaize worth K12000 and milk worth K10000 is sold to the industry as intermediate inputs in theproduction of mealie meal and butter respectively. The industry uses this maize to produce mealiemeal worth K32000 and uses milk to produce butter worth K18000 which are sold to consumersfor final consumption. In addition, the agriculture sector pays wages worth K20000, rent worthK4000 and earns profit equal to K8000. The industry sector pays wages worth K16000, rent worthK6000 and earns a profit of K6000.a) Calculate GDP for the above economy using the three approaches: product approach, incomeapproach, and expenditure approach.b) Peter was bragging to his wife that his country, Zambia, is doing better than his wife’s…The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users ofthe final output. The agriculture sector produces maize worth K16000 and milk worth K16000.Maize worth K4000 as well as milk worth K6000 is sold to consumers for direct consumption, andmaize worth K12000 and milk worth K10000 is sold to the industry as intermediate inputs in theproduction of mealie meal and butter respectively. The industry uses this maize to produce mealiemeal worth K32000 and uses milk to produce butter worth K18000 which are sold to consumersfor final consumption. In addition, the agriculture sector pays wages worth K20000, rent worthK4000 and earns profit equal to K8000. The industry sector pays wages worth K16000, rent worthK6000 and earns a profit of K6000.a) Calculate GDP for the above economy using the three approaches: product approach, income approach, and expenditure approach. b) Peter was bragging to his wife that his country, Zambia, is doing better than his…The following data relate to an emerging African country.Item Value('000) KSHSGNP 8,000,000 Depreciation 100,000Indirect Business Taxes 80,000Gross Investment 400,000Total population 30,000Consumption 10,000Personal Income Taxes 800Excise duty 80Personal Income 89,000Net factor incomes from abroad 200,000 Using the above data, calculate: Net National Product and GNP per capita Net investment and Disposable personal income Gross domestic product
- Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…