When the government expenditure exceeds the government receipts it is known as?

Q: Disposable Income Consumption expenditure (dollars) 100 100 180 200 260 300 340 400 420 500 500

A: Disposable Income (yd) Consumption (C) Saving (S) = Yd - C 0 100 -100 100 180 -80 200 260 -60…

Q: What are government transfer payments? Are they included as part of the government spending…

A: In an economy, all the economic activities performed by the citizens that resulted in income value…

Q: Write 3 difference between revenue expenditure and capital expenditure

A: The 3 difference between revenue expenditure and capital expenditure are as follows:-

Q: Daniela had a gross income of $91,369 in 2010. What was her net income in 2010? Use the income tax…

A: Net income is the gross income minus tax paid by the consumer.  Gross income is is income that…

Q: The household has an income of $10000 and it's consumption is also $10,000 Calculate APC

A: The information being given is:- Income (Y) = 10,000 Consumption (C) = 10,000 So both values are…

Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings…

A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the…

Q: What is the signipicance of the nelationship of Input (X), TP ,ÀPP amd MPP to productian Mamagement?

A: The firms, and businesses tend to operate in the market where they supply various goods and services…

Q: If the revenue expenditure are $4023 and the Capital expenditure are $721 find the budget…

A: Generally in the given question Revenue Expenditure value is = $4023 Capital expenditure value is =…

Q: Calculate the value added if the value of output is $630 million and the intermediate consumption is…

A: According to the above given question we have the following values:- Value of output = $630 million…

Q: What is the formula of Income Approach, one of the methods of Gross Domestic Product and how is it…

A: The gross domestic product (GDP) is the money or market value of all the finished goods or services…

Q: find the budget expenditure when the plan expenditure is $86222 and the non plan expenditure is…

A: Generally in the given question, Plan expenditure value is = $86222 Non plan expenditure is = $53910…

Q: State whether the following statements are true or false, then explain. (a) Buying a Japanese-brand…

A: Gross domestic product refers to the final value of all final goods and services produced in a…

Q: Find the value added when the value of output is $661 and the intermediate consumption is $222?

A: Basically in the above question, Value of the output is = $661 Intermediate consumption = $222 Value…

Q: Assume that MPL=540 and MRTS = -70, what is MPK?

A: MPL is the marginal product of labor.  MPL is the change in output with the additional unit of…

Q: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: How would you describe the relationship between corporate taxes and the GDP of a country?

A: In an economy, the corporate tax refers to the tax imposed by the government on the income of…

Q: ne day, Barry the Barber, Inc., collects $400 for haircuts. $50 is the cost of operation, which…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…

Q: If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000,…

A: The gross domestic income measures the economic activity of a country by summing up the income…

Q: What will be the Value added if the Value of output is $312 and the Intermediate consumption is $111

A: Consumption takes place by individuals in the economy. For the consumption of goods and services in…

Q: Outline 2 uses of National Income Statistics

A: National income statistics are essential tools for analyzing and understanding the overall economic…

Q: Explain any two items which are included in the expenditure method of national income?

A: According to the given question According to the expenditure method the national income is basically…

Q: Assume personal income was $30 million last year. Personal outlays were $20 million and personal…

A: Disposable personal income (DPI) is the total amount of income that individuals have available to…

Q: Calculate value added if intermediate consumption is $3500 million and the value of output is $7700…

A: The data presented in the question is:- Intermediate consumption = $3500 million Value of output =…

Q: If net exports are $300 and in the country the exports are double that of imports Calculate the…

A: According to the above mentioned question, the values are:- Net exports = $300 million Also the…

Q: What is the Real GDP in 2020, according to the table below? Has the Real GDP increased or decreased…

A: The nominal GDP is the monetary value of all goods and services that is produced within the…

Q: The net exports is given to be as $2300 and imports is $1200 Calculate Exports

A: The information being given is:- Net exports = $2300 million Imports = $1200 million We have to…

Q: Among the components of personal consumption expenditures (C) the spending of durable goods that…

A: The term personal consumption income (PCEs) alludes to a proportion of credited family consumptions…

Q: In an effort to curb the use of cigarettes, the US has utilized taxes to inhibit the purchase of…

A: Consumer surplus is that area which are lies below the demand curve and above the price level on the…

Q: Find the NDP when the GDP is given as $1600 and the depreciation is $390

A: GDP=$1600 Depreciation=$390

Q: Calculate National income if:- GNP at MP = $3000 Depreciation = $2000 Net indirect taxes = $500

A: The data presented in the question above is:- GNP at MP = $3000   Depreciation = $2000   Net…

Q: The consumption is $430 and the income is $630  Calculate the APC

A: The information being given is:- Consumption = $430 Income = $630 We have to calculate the value of…

Q: (a) Explain the difference between government spending and the government Purchases of goods and…

A: Since you have asked multiple questions, we will answer the first question for you. If you require…

Q: Find value of output if intermediate consumption is $45,000 and value added is $76,000?

A: As per the question we are given  Intermediate consumption = $45,000 Value added = $76,000 we have…

Q: what will be the budget expenditure if the revenue expenditure are 620 and the capital expenditure…

A: Initially in the given question, Revenue expenditure are as = 620 Capital expenditure stated as =…

Q: Calculate the value of NDPFC if GDPMP is $1200 million, depreciation Is $250 million and the net…

A: The information being provided to us is:- GDPMP = $1200 million Depreciation= $250 million Net…

Q: If intermediate consumption is $430 million and value of output is $560 million Calculate value…

A: According to the above mentioned question, the values are:- Intermediate Consumption = $430 Million…

Q: Calculate value added if value of output is $13,000 and intermediate consumption is $7700

A: Product Method or Value Added Method This technique means the worth added by different undertakings…

Q: Calculate MPS The value of MPC is 0.62

A: In the question the value of Marginal propensity to consume is given to be as 0.62 We have to…

Q: Calculate value added if value of output is $10,900 and intermediate consumption is $6500

A: According to the above mentioned question, we have Value of output = $10,900 Intermediate…

Q: 17. On the statement of activities for a private col- lege, expenses should be deducted from a.…

A: The unrestricted revenue is the income of the Fund used, subject to legal authorization, for the…

Q: Calculate value added if given:- Value of output = $5500 Intermediate consumption = $2500

A: The data presented in the question above is:- Value of output = $5500   Intermediate consumption =…

Q: If consumption and savings are $300 and $150 respectively Calculate income of household

A: The data presented in the question above is:- Consumption = $300  Savings = $150  Income of the…