All of the following will be component of the income approach to measuring US GDP EXCEPT:...
All of the following will be component of the income approach to measuring US GDP EXCEPT:
a) wages and salaries
b) gross investment
c) interest earned from savings deposit
d) business profits
Homework Answers
GDP at MP by income method= wages+ rent+ interest+ Corporate profit+ +Depreciation+ indirect business tax
The GDP can be defined the market value of all goods and services which are produced in the domestic territory of the country in the current financial years. GDP by Expenditure method
GDP=C+I+G+X-M
It means that except gross investment All of the following will be component of the income approach to measuring US GDP.
Hence option b is the correct answer.
Add Answer to:
All of the following will be component of the income approach to
measuring US GDP EXCEPT:...
1.There are two approaches to measuring gross domestic product (GDP), expenditures approach and income approach. Expen...
1.There are two approaches to measuring gross domestic product (GDP), expenditures approach and income approach. Expenditures approach is comprised of consumption expenditures, investment expenditures, government expenditures plus net exports (exports minus imports). Households create income by supplying their labor to the firms. What items is the incomes approach comprised of? Hint: one item is compensation of employees. 2.Factor incomes are comprised of wages, interest, rent and capital. GDP does not measure certain items, what are they and why? What constitutes...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars $2,300 Gross private domestic investment Depreciation Exports $1,987 $3,120 $200 $4,521 Imports Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items Income received from other countries $6,300 $1,341 $1,118 $1,022 $8,174 $1,895 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $365...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment Depreciation $1,700 $1,387 Exports $2,320 Imports $1,500 $3,921 Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items $5,700 $741 Income received from other countries $518 $422 $7,574 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $1,295 $35...
4. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach...
4. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach address the question “Who gets income”, while income approach “Who purchases GDP” B) Expenditure approach counts compensation of employees, rents, interest, proprietor’s income and corporate profit, while income approach counts consumption, investment, government spending and net export C) From the spending side 70% of national income is paid in wages and benefits, while from income side 72% consists of consumer expenditures D) The expenditure...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources used to produce goods and services to estimate GDP focuses on how income is spent Oo oo adds up all household expenditures to calculate aggregate income and GDP ignores how income is earned and focuses instead on how it is used
Which of the following is NOT part of the income used in the income approach to...
Which of the following is NOT part of the income used in the income approach to measuring GDP? O A. wages O B. rent o C. interest O D. taxes paid by persons O E. profit
The income approach to GDP equals? i picked b but i was wrong can anyone help?...
The income approach to GDP equals?
i picked b but i was wrong can anyone help?
Employee Compensation + Profit + Net Property Income + Indirect Business Taxes + Depreciation - Income Earned Abroad. Consumption + Gross Investment + Government Purchases + Net Exports. Consumption + Net Investment (Gross Investment-Depreciation) + Government Purchases + Net Exports. Employee Compensation - Profit - Net Property Income - Indirect Business Taxes - Depreciation - Income Earned Abroad.
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment...
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment C. government spending. D. net exports. QUESTIONS The sum of all income, including wages, salaries and benefits, profits, rental income, and interest, is called: A. labor income B. gross domestic income. C. national income. D. pretax income. QUESTION 10 A business cycle is: A. the periodic fluctuation of economic activity. B. the engine of economic growth. C. a period lasting about 50 years. D....
Problem #1 GDP calculated by the expenditure approach will b income approach, because OA. the dollar...
Problem #1 GDP calculated by the expenditure approach will b income approach, because OA. the dollar value of the expenditure on new goods and services in a year must be equal to he GDP calculated by the the dollar value of the income generated in that year the dollar value of the expenditure on new goods and services in a year is always less than the dollar value of the income generated in that year, since imports are subtracted from...
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown...
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown below. Amount (5 millions) 7500 09 00 Items Household Consumption Interest Income Capital Consumption Allowance Wages and salaries Business Profits Gross Investment Rental Income Export Import Amount earned by Hardworker's citizens and businesses abroad Amount earned by Foreign citizens and foreign businesses in Hardworker Government Spending Transfer Payments Indirect Business Taxes Calculate the GDP of Republic of Hardworker using the expenditure approach
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars $2,300 Gross private domestic investment Depreciation Exports $1,987 $3,120 $200 $4,521 Imports Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items Income received from other countries $6,300 $1,341 $1,118 $1,022 $8,174 $1,895 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $365...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment Depreciation $1,700 $1,387 Exports $2,320 Imports $1,500 $3,921 Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items $5,700 $741 Income received from other countries $518 $422 $7,574 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $1,295 $35...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources used to produce goods and services to estimate GDP focuses on how income is spent Oo oo adds up all household expenditures to calculate aggregate income and GDP ignores how income is earned and focuses instead on how it is used
Which of the following is NOT part of the income used in the income approach to measuring GDP? O A. wages O B. rent o C. interest O D. taxes paid by persons O E. profit
The income approach to GDP equals?
i picked b but i was wrong can anyone help?
Employee Compensation + Profit + Net Property Income + Indirect Business Taxes + Depreciation - Income Earned Abroad. Consumption + Gross Investment + Government Purchases + Net Exports. Consumption + Net Investment (Gross Investment-Depreciation) + Government Purchases + Net Exports. Employee Compensation - Profit - Net Property Income - Indirect Business Taxes - Depreciation - Income Earned Abroad.
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment C. government spending. D. net exports. QUESTIONS The sum of all income, including wages, salaries and benefits, profits, rental income, and interest, is called: A. labor income B. gross domestic income. C. national income. D. pretax income. QUESTION 10 A business cycle is: A. the periodic fluctuation of economic activity. B. the engine of economic growth. C. a period lasting about 50 years. D....
Problem #1 GDP calculated by the expenditure approach will b income approach, because OA. the dollar value of the expenditure on new goods and services in a year must be equal to he GDP calculated by the the dollar value of the income generated in that year the dollar value of the expenditure on new goods and services in a year is always less than the dollar value of the income generated in that year, since imports are subtracted from...
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown below. Amount (5 millions) 7500 09 00 Items Household Consumption Interest Income Capital Consumption Allowance Wages and salaries Business Profits Gross Investment Rental Income Export Import Amount earned by Hardworker's citizens and businesses abroad Amount earned by Foreign citizens and foreign businesses in Hardworker Government Spending Transfer Payments Indirect Business Taxes Calculate the GDP of Republic of Hardworker using the expenditure approach
Most questions answered within 3 hours.
-
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 2 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 2 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 3 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 4 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 5 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 5 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 6 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 6 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 6 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 6 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 7 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 7 hours ago