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Refer to the data below to answer the following questions: $10.101 2.085 The Equivalence of Expenditure...
Refer to the data below to answer the following questions: $10,101 2,085 The Equivalence of Expenditure...
Refer to the data below to answer the following questions: $10,101 2,085 The Equivalence of Expenditure and Income (in billions of dollars) Expenditure Income C: Consumer goods and services $12,753 Wages and salaries Corporate profits I:Investment in plants, equipment, and inventory 3,035 Proprietors' income G: Government goods and services 3,277 Rents Interest X: Exports 2,260 Taxes on output and imports Depreciation M: Imports (2,733) Statistical discrepancy GDP: Total value of output $18,566 Total value of income 1,418 705 485 1,197...
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure...
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
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...
2. Suppose that you are given the following data for the country of Donaldland: consumption ...
2. Suppose that you are given the following data for the country of Donaldland: consumption 14,000 net factor income from abroad 300 wages 11,000 interest payments 2,000 investment 3,600 capital consumption allowance 3,300 exports 2,500 government spending on goods 3,600 imports 3,100 and services profits 3,700 rental payments 800 From the data provided, find a. GDP using the expenditure approach. b. GNP and NNP. c....
Use the following information to answer the questions below. Assume that the capital account is equal...
Use the following information to answer the questions below. Assume that the capital account is equal to 0. Export of goods and services = 500 Primary income recieved = 200 Secondary income recieved = 300 Imports of goods and services = 700 Primary income paid abroad = 300 Secondary income paid = 100 Net acquisition of financial assets = 300 Net incurrence of liabilities = 400 Net change in financial derivatives = 600 Questions 1. What is the trade balance?...
Use the following information to answer the questions below. Assume that the capital account is equal...
Use the following information to answer the questions below. Assume that the capital account is equal to zero. Exports of goods and services 540 Primary income received 20 Secondary income received 380 Imports of goods and services 270 Primary income paid abroad 180 Secondary income paid 10 Net acquisition of financial assets 700 Net incurrence of liabilities 80 Net change in financial derivatives 100 What is the trade balance? (Enter your response as a whole number.)What is the current account...
only need help on 3 NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3:...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
updates now or try tonight? o Macroeconomics Use the table below to answer the following questions....
updates now or try tonight? o Macroeconomics Use the table below to answer the following questions. Table 4.2.1 Data From Eastland Item Dollars 800 250 250 Wages, salaries, and supplementary labour income Other factor incomes Government expenditures on goods and services Depreciation Investment Personal income taxes net of transfer payments Indirect taxes Net exports Consumption expenditure 240 400 140 600 Refer to Table 4.2.1. What is aggregate income in Eastland? Select one: A. $1,280 © B. $1,360 C. $1,050 D....
1.Answer the following questions based on the demand and supply model for a business firm producing...
1.Answer the following questions based on the demand and supply model for a business firm producing motorcycles. Assume that 366 motorcycles is the optimal and most profitable level of production for the firm. All dollars are in thousands Price (5) 30 20 10 0 366 Motorcycle (a) What are the equilibrium price and quantity at the medium level of demand (Dx)? (b) What will be the equilibrium price and quantity if there is a demand shock that unexpectedly lowers demand...
Refer to the data below to answer the following questions: $10,101 2,085 The Equivalence of Expenditure and Income (in billions of dollars) Expenditure Income C: Consumer goods and services $12,753 Wages and salaries Corporate profits I:Investment in plants, equipment, and inventory 3,035 Proprietors' income G: Government goods and services 3,277 Rents Interest X: Exports 2,260 Taxes on output and imports Depreciation M: Imports (2,733) Statistical discrepancy GDP: Total value of output $18,566 Total value of income 1,418 705 485 1,197...
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
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...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
updates now or try tonight? o Macroeconomics Use the table below to answer the following questions. Table 4.2.1 Data From Eastland Item Dollars 800 250 250 Wages, salaries, and supplementary labour income Other factor incomes Government expenditures on goods and services Depreciation Investment Personal income taxes net of transfer payments Indirect taxes Net exports Consumption expenditure 240 400 140 600 Refer to Table 4.2.1. What is aggregate income in Eastland? Select one: A. $1,280 © B. $1,360 C. $1,050 D....
1.Answer the following questions based on the demand and supply model for a business firm producing motorcycles. Assume that 366 motorcycles is the optimal and most profitable level of production for the firm. All dollars are in thousands Price (5) 30 20 10 0 366 Motorcycle (a) What are the equilibrium price and quantity at the medium level of demand (Dx)? (b) What will be the equilibrium price and quantity if there is a demand shock that unexpectedly lowers demand...
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