Homework Answers
1. G D P = personal consumption expenditure+ Gross investment+ ( exports- imports) +Government purchases
GDP = 1040+340+440+(700-640)
= $1880
2. National income = GDP - depreciation - indirect taxes less subsidies
National income = 1880 - 180 - 100 = $1600
3. Personal income = National income - corporate taxes - undistributed corporate profits + Transfer payments
Personal income = 1600 -70 -120 +140 =$1550
4. Personal disposable income = Personal income - Personal taxes
Personal disposable income = 1550 - 320 = 1230
5. Net addition to the stock of capital goods = Gross investment- depreciation = 340 -180 = $160
The correct option is (a)
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could you help me check 1-4 the answer of my question. And
solve the question5. Thanks...
Questions 1-5 Gigaland’s 2019 National Accounts 1. Personal taxes 320 2. Corporateincometaxes 70 3. Indirect taxes...
Questions 1-5 Gigaland’s 2019 National Accounts 1. Personal taxes 320 2. Corporateincometaxes 70 3. Indirect taxes less subsidies 100 4. Undistributedcorporateprofits 120 5. Netincomeoffarmandunincorporatedbusiness 240 6. Wages, salaries, and supplementary labour income 1,000 7. Personal consumption expenditures 1,040 8. Capital consumption allowance (depreciation) 180 9. Exports 700 10. Profits of corporations and government enterprises before taxes 240 11.Interest and investment income 80 12. Dividends 90 13. Imports 640 14.Gross investment 340 15.Net investments from non-residents 160 16.Transfer payments to persons...
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45...
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45 30 40 Exports Gross rental income Government expenditures Net investment Imports Indirect Taxes less subsidies Depreciation of capital assets Income of Pica citizens working abroad Income of non-residents working in Pica Personal Income taxes Net foreign income Wages and salaries Personal consumption expenditures Corporate Profits before taxes Government Transfers to persons Corporate income taxes Undistributed corporate profits 35 60 220 800 1000 130 50...
please help me with this assignment. you have to answer the following questions on the basis...
please help me with this assignment. you have to answer the
following questions on the basis of the following hypothetical
national income data and show your work. i will leave a great
review.
ncs x + ixt4VeSy4dmXic1ERfojCgIXEAbZrBmB5DRA/edit?ts=5e6aa6bc All changes saved in Drive - 12 - BIUA 15 IEE E 1 56 Answer the following questions on the basis of the following hypothetical national income data. SHOW YOUR WORK $ 15 400 135 320 Interest paid by consumers-- Government purchases of...
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Millions of $ 150 400 500 250 300 Questions 4-8 Zumba's National Accounts in 2019 Depreciation of capital assets Exports Undistributed corporate profits after taxes Government transfer payments to persons Personal income taxes Government expenditures Indirect taxes less subsidies Consumption expenditures Corporate taxes Gross investment Corporate dividends paid to shareholders Imports 900 250 1400 200 600 100 300 4. The net addition to the stock of capital was a) $150 b) $200 c) $450 d) $600 5. Gross Domestic Product...
Question 1 (4 marks) Below is a list of domestic output and national income figures for...
Question 1 (4 marks) Below is a list of domestic output and national income figures for a given year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. The results you obtain with the different methods should be the same 7 $245 541 182 143 585 274 204 130 335 115 Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption...
So I know the equation for GDP is consumers+investement+Goverment spending +(X-M). but could someone break down...
So I know the equation for GDP is
consumers+investement+Goverment spending +(X-M). but could someone
break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars. Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees 369 Rents Interest...
The following is a list of figures for a given year in billions of dollars. (a)...
The following is a list of
figures for a given year in billions of dollars.
(a) GDP by the Expenditure Method
(b) GDP by the Income Method
$ 70 220 160 50 120 500 Transfer payments Government purchases Personal taxes Corporate income taxes Indirect taxes less subsidies Undistributed corporate profits Net income of farm and unincorporated businesses Wages, salaries, and supplementary labour income Personal consumption expenditures Capital consumption allowance Exports Profits of corporations and government enterprises before taxes Interest and...
Question 2: 2.1 Below is a list of domestic output and national income figures for a...
Question 2: 2.1 Below is a list of domestic output and national income figures for a given year. Calculate the national income level (GDP) by using the expenditure approach. (2) R245 » Personal consumption expenditures Net foreign factor income Rents Consumption of fixed capital Social contributions • Net exports Dividends Compensation of employees Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits . Government purchases . Net private domestic investment Personal saving 2.2 Graphically illustrate the two components of...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
1. Find GDP 2.Find NDP 3.Find national income 4. Find personal income 5. Find Disposable Income...
1.
Find GDP
2.Find NDP
3.Find national income
4. Find personal income
5. Find Disposable Income
$307 1722 255 320 1810 55 367 203 Consumption of fixed capital Compensation of employees Taxes on production and imports Transfer payments Personal Consumption expenditures Undistributed corporate profits - Statistical discrepancy Exports Corporate profits Rents Corporate income taxes Proprietors' income Social security contributions Net foreign factor income Dividends Government purchases Gross Private Domestic Investment Interest Imports Personal Taxes 33 88 132 148 0 60...
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45 30 40 Exports Gross rental income Government expenditures Net investment Imports Indirect Taxes less subsidies Depreciation of capital assets Income of Pica citizens working abroad Income of non-residents working in Pica Personal Income taxes Net foreign income Wages and salaries Personal consumption expenditures Corporate Profits before taxes Government Transfers to persons Corporate income taxes Undistributed corporate profits 35 60 220 800 1000 130 50...
please help me with this assignment. you have to answer the
following questions on the basis of the following hypothetical
national income data and show your work. i will leave a great
review.
ncs x + ixt4VeSy4dmXic1ERfojCgIXEAbZrBmB5DRA/edit?ts=5e6aa6bc All changes saved in Drive - 12 - BIUA 15 IEE E 1 56 Answer the following questions on the basis of the following hypothetical national income data. SHOW YOUR WORK $ 15 400 135 320 Interest paid by consumers-- Government purchases of...
Millions of $ 150 400 500 250 300 Questions 4-8 Zumba's National Accounts in 2019 Depreciation of capital assets Exports Undistributed corporate profits after taxes Government transfer payments to persons Personal income taxes Government expenditures Indirect taxes less subsidies Consumption expenditures Corporate taxes Gross investment Corporate dividends paid to shareholders Imports 900 250 1400 200 600 100 300 4. The net addition to the stock of capital was a) $150 b) $200 c) $450 d) $600 5. Gross Domestic Product...
Question 1 (4 marks) Below is a list of domestic output and national income figures for a given year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. The results you obtain with the different methods should be the same 7 $245 541 182 143 585 274 204 130 335 115 Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption...
So I know the equation for GDP is
consumers+investement+Goverment spending +(X-M). but could someone
break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars. Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees 369 Rents Interest...
The following is a list of
figures for a given year in billions of dollars.
(a) GDP by the Expenditure Method
(b) GDP by the Income Method
$ 70 220 160 50 120 500 Transfer payments Government purchases Personal taxes Corporate income taxes Indirect taxes less subsidies Undistributed corporate profits Net income of farm and unincorporated businesses Wages, salaries, and supplementary labour income Personal consumption expenditures Capital consumption allowance Exports Profits of corporations and government enterprises before taxes Interest and...
Question 2: 2.1 Below is a list of domestic output and national income figures for a given year. Calculate the national income level (GDP) by using the expenditure approach. (2) R245 » Personal consumption expenditures Net foreign factor income Rents Consumption of fixed capital Social contributions • Net exports Dividends Compensation of employees Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits . Government purchases . Net private domestic investment Personal saving 2.2 Graphically illustrate the two components of...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
1.
Find GDP
2.Find NDP
3.Find national income
4. Find personal income
5. Find Disposable Income
$307 1722 255 320 1810 55 367 203 Consumption of fixed capital Compensation of employees Taxes on production and imports Transfer payments Personal Consumption expenditures Undistributed corporate profits - Statistical discrepancy Exports Corporate profits Rents Corporate income taxes Proprietors' income Social security contributions Net foreign factor income Dividends Government purchases Gross Private Domestic Investment Interest Imports Personal Taxes 33 88 132 148 0 60...
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