Personal Taxes $ 55 Social Security Contributions Taxes on Production and Imports Corporate Income Taxes 30 35 55 Transfer Payments 37 U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports 39 50 105 90 37 Personal Consumption Expenditures 265 Consumption of Fixed Capital (depreciation) Net Foreign Factor Income 40 25 0 Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). NDP is $402. $422. $370. $467.

Personal Taxes $ 55 Social Security Contributions Taxes on Production and Imports Corporate Income Taxes 30 35 55 Transfer Payments 37 U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports 39 50 105 90 37 Personal Consumption Expenditures 265 Consumption of Fixed Capital (depreciation) Net Foreign Factor Income 40 25 0 Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). NDP is $402. $422. $370. $467.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter8: Aggregate Demand And The Powerful Consumer

Section8.A: National Income Accounting

Problem 3TY

See similar textbooks

Similar questions

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 Income
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
Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
$20 Proprietor incme Compensaton of Employees Consumpton of Fied Capita Gross Investment Rents interest 300 10 20 Exports mpots Corporate Profts Taxes on Produdon and imports Net Foreign Factor Income Satistical Discrepancy Reter to the accompanying data. Al figurs are in billons of dolers. Net domentie product is $395. O$375
Personal Taxes $40 15 Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases 20 40 22 24 35 90 75 22 Gross Private Domestic Investment U.S. Imports Personal Consumption Expenditures 250 Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy 25 10 Refer to the data. Pl is: 1) $402. 2) $346. 3) $314. 4) $408.
The Canadian economy produces a vast array of goods and services, from cars to cannabis Suppose that the hypothetical data for Canada has the folowing national income account data in billions of dollars: govermment purchases (SLOSO personal consumption expenditures (S4800 impors ($370 exports (524OE gross inventment (SL3O) Personal consumption expenditures are approximately what percentage of this economy? Mutple Choic O 70 percent O 60 percant O s percere 75 percent
We said the easiest type of Foreign Cirect investment (ro Importreport Franchusing O Loenng O oreented QUESTION 22 Whch type of invetment is the hardelymast expentive type of investment ina toreign cy importierport O Pranchsing O ucensing O Greenfield
Given the following income data, please answer the questions below: Real GDPConsumption IgGovernmentExportsImports$ 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).
Spring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next page
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 Reactana
calculate operating surplus and net exports wages and salaries 2400 domestic income 4000 gross domestic fixed capital formation 1000 mixed income of self employed 400 private final consumption expenditure 2000 net factor income from abroad 200 net indirect taxes 150 government final consumption expenditure 1000 consumption of fixed capital 100 profit 500 change in stock 100
Goverment spending Social Security contributions Corporate taxes Personal income taxes Rent Wages 231 Consumption expenditures 250 Gross Private Domestic Investment 40 Select one: 50 20 5 8 54 OA. 228. B. 155. 301. 84. Using the above table, the Personal Income (Pl) for the country is O C. D. Profit Indirect business taxes Imports Exports Interest Depreciation Gove mment transfer payments 8953565 28 10 10