Homework Answers
GDP = Consumption + Govt Expenditure + Investment + Net Exports
= 7.7+2.0+1.6-0.5
=$10.8 trillion
GNP is given to be as 11.0
so GDP - GNP = 10.8-11.0 = -0.2 trillion (This may also be called as Net Factor Income from Abroad)
GNP - National Income or NNP = Depreciation = $1.3 trillion
The difference between the gross national product and net national product is the value of depreciation
Add Answer to:
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) C...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in Northland's National Income and Product Accounts in 2016....
The table shows some of the items in Northland's National Income and Product Accounts in 2016. Calculate Northland's net domestic product at factor cost in 2016. Amount (billions of dollars) 885 815 Northland's net domestic product at factor cost in 2016 is $ billion. Item Consumption expenditure Wages Government expenditure Interest, rent, and profit Indirect taxes less subsidies Depreciation Investment Net exports
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in...
The national accounts of Parchment Paradise are kept on (you
guessed it) parchment. A fire in the statistics office
destroys some accounts, leaving only the data on the right.
Calculate GDP (expenditure approach) and depreciation.
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect taxes less subsidies 700 Interest, rent, and profit 220 Investment 160 Government expenditure Wages 180 5,900 0 Net factor income from abroad Net exports -300
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect...
The following table contains some information from the national income and product accounts of a small...
The following table contains some information from the national income and product accounts of a small country. All data are in billion dollars. Category Value Government Consumption and Gross Investment 300.00300.00 National Income 1 comma 2701,270 Depreciation 40.0040.00 Exports 150.00150.00 Compensation of Employees 840.00840.00 Receipts of Factor Income from the Rest of the World 50.0050.00 Net Investment 160.00160.00 Inventory Adjustment 0.00 Imports 160.00160.00 Payments of Factor Income to the Rest of the World 40.0040.00 Corporate Profits 250.00250.00 Statistical Discrepancy 10.0010.00...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right Calculate GDP (expenditure approach) and depreciation (dollars) 6,940 7,000 700 220 Item GDP (income approach) Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure Wages Net factor income from abroad Net exports GDP (expenditure approach) is $ 160 180 5,900 - 300
Question 2 Consider the following partial information from the national income and product accounts data for...
Question 2 Consider the following partial information from the national income and product accounts data for the state of Kiribati. Item $ 000 Item $'000 Depreciation ......... 105 Social security payments ............... 238 Wages... 1239 Indirect business taxes..... 371 Corporate profits ... 161 Gross private domestic investment 595 Personal taxes 392 Rental income ......... 21 Proprietor's income 168 Imports ................. Consumption .......... 1377 Net interest Exports ........... 133 Factor income paid abroad.............. Government purchases 448 22 Factor income received from...
Given the values in the table, and assuming transfer payments = 0, compute the value of...
Given the values in the table, and assuming transfer payments =
0, compute the value of private saving. Private
saving = $_____________ trillion. (Round to one decimal
place.) Thank you!
QUESTION 3 Trillions of dollars GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments = 0, compute the value of private saving. Private saving = $ decimal place.) trillion. (Round to one QUESTION 4 Trillions of dollars GDP. GD Emotion .... $139 Consumption......
We have the following information for an economy. All data are in billion dollars. Category Value...
We have the following information for an economy. All data are in billion dollars. Category Value Compensation of Employees Personal Consumption Expenditure Indirect Taxes minus Subsidies Rental Income Net Business Transfer Payments Corporate Profits Net Exports Proprictors' Income Surplus of Government Enterprises Personal Saving Net Interest Calculate National Income for this economy National Income S 6,500.00 9,225.00 720.00 650.00 0.00 1,100.00 -400.00 780.00 0.00 513.00 500.00 billion
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in Northland's National Income and Product Accounts in 2016. Calculate Northland's net domestic product at factor cost in 2016. Amount (billions of dollars) 885 815 Northland's net domestic product at factor cost in 2016 is $ billion. Item Consumption expenditure Wages Government expenditure Interest, rent, and profit Indirect taxes less subsidies Depreciation Investment Net exports
The national accounts of Parchment Paradise are kept on (you
guessed it) parchment. A fire in the statistics office
destroys some accounts, leaving only the data on the right.
Calculate GDP (expenditure approach) and depreciation.
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect taxes less subsidies 700 Interest, rent, and profit 220 Investment 160 Government expenditure Wages 180 5,900 0 Net factor income from abroad Net exports -300
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right Calculate GDP (expenditure approach) and depreciation (dollars) 6,940 7,000 700 220 Item GDP (income approach) Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure Wages Net factor income from abroad Net exports GDP (expenditure approach) is $ 160 180 5,900 - 300
Question 2 Consider the following partial information from the national income and product accounts data for the state of Kiribati. Item $ 000 Item $'000 Depreciation ......... 105 Social security payments ............... 238 Wages... 1239 Indirect business taxes..... 371 Corporate profits ... 161 Gross private domestic investment 595 Personal taxes 392 Rental income ......... 21 Proprietor's income 168 Imports ................. Consumption .......... 1377 Net interest Exports ........... 133 Factor income paid abroad.............. Government purchases 448 22 Factor income received from...
Given the values in the table, and assuming transfer payments =
0, compute the value of private saving. Private
saving = $_____________ trillion. (Round to one decimal
place.) Thank you!
QUESTION 3 Trillions of dollars GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments = 0, compute the value of private saving. Private saving = $ decimal place.) trillion. (Round to one QUESTION 4 Trillions of dollars GDP. GD Emotion .... $139 Consumption......
We have the following information for an economy. All data are in billion dollars. Category Value Compensation of Employees Personal Consumption Expenditure Indirect Taxes minus Subsidies Rental Income Net Business Transfer Payments Corporate Profits Net Exports Proprictors' Income Surplus of Government Enterprises Personal Saving Net Interest Calculate National Income for this economy National Income S 6,500.00 9,225.00 720.00 650.00 0.00 1,100.00 -400.00 780.00 0.00 513.00 500.00 billion
Most questions answered within 3 hours.
-
What are the negative effects of abruptly stopping the use of
all fossil fuels? Give at...
asked 7 minutes ago -
Given that many conflict are the result of different parties having
different interests, is it possible...
asked 12 minutes ago -
A 750 g block can slide uniformly along the horizontal track
when a string attached to...
asked 15 minutes ago -
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 28 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 38 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 37 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 41 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 49 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 45 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 47 minutes ago -
what are the advantages of lanthanum hexaboride over tungsten
filament for electron emission
what is the...
asked 48 minutes ago -
Question 5
Your uncle offers to sell you his vintage Rolls Royce. He
suggests a payment...
asked 53 minutes ago