nges and Salaries. $1300 rsonal Income Taxes. 90 yroll Taxes (e.g. Social Security tax) 85 come Receipts from Rest of the World 128 come Payments to Rest of the World 147 direct Business Taxes 50 rporate Income Taxes 240 vernment Transfer Payments. 522 Exports. 78 distributed Corporate Profits. 237
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- Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.BOT shows a deficit of 5000 dollars and value of imports are 9000 dollars. What is the value of export.Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?
- 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…If you have the following data that representing an economy of a country as follow: transfer payments Indirect taxes 355 315 Wages social security deductions personal taxes (direct taxes ) Imports 2335 125 410 350 Rent 250 income of foreigners inside Jordan Exports retained (undistributed) profit 450 145 70 Interest Depreciations transfer payments 360 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : • Gross domestic product (GDP) according expenditure approach4. You are given the following information about an economy: Smillions GDP at Market Prices Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 1,,669.4 290.5 48.7 39.0 75.9 Exports Subsidies Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 273.4 16.8 10.0 10.5 19.2 355.6 Direct Taxes Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure
- The United States exports14%ofGDP while Germany exports about 50% of it sGDP.Explain wha ttha tmeans.Referring to the table below, fill in the missing data for the country of Birchwood. 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 370 115 190 90 40 60 -45 Search 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 7 of 14 Next > 370 -45 130 40 40 30 210 470 90 50 60 40 60Referring to the table below, fill in the missing data for the country of Birchwood. 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 370 115 190 90 40 60 -45 Incomes 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 i Personal income Less personal income taxes Disposable income Savings Consumption 470 86858 90 50 60 370 40 60 -45 130 40 40 30 210 27
- Find out net export of an american economy if import is $45,0000 and export is $75,000?9 How free trade zones or special economic zones affect exports.m2 14 17 62 0000 BV BY HI AY AS HY BY BY BY W S X 43 Use the table below: E Government 50 spending Social Security Contributions Corporate taxes Personal income taxes Rent Wages D Gross Private Domestic Investment Consumption 250 expenditures $ 4 8 R F % 5 20 9 PA 5 8 T 54 40 GDI-Wages + Interest Rent Profit Indirect Business Taxes + Depreciation Gross Domestic Product (GDP). A 6 4 IN Y C V B Profit Indirect business taxes Imports Exports G H & 49 Interest Depreciation 10 7 Government 8 transfer payments 190 U N 00. 8 28 J 10 W - 5 3 ing M 4 9 K 81 0 V F -0 1 L 4 P > . ; P PM X { 14 2