3. (6 points) The following is the information from the national income accounts for a hypothetical...
3. (6 points) The following is the information from the national income accounts for a hypothetical country:
GNP = 5000
Personal Disposable Income = 4100
Consumption = 3800
X-M = 50
Govt. Budget Deficit = 200
Net Factor Payments from Abroad = -10
Calculate:
(a) (3 points) Government Expenditures
(b) (3 points) Gross Investment
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3. (6 points) The following is the information from the national
income accounts for a hypothetical...
Suppose you are given the following information about some hypothetical economy and its national income accounts....
Suppose you are given the following information about some hypothetical economy and its national income accounts. Use this information to answer the questions that follow (Amounts are in billions of dollars) Indirect Business Taxes $919.0 Corporate Profits $1208.9 Corporate Profits Taxes $469.4 Retained Earnings $330.8 Proprietor’s Income $1038.4 Rental Income $62.1 Net Interests $1171.1 Exports $1685.7 Imports $2380.4 Income Receipts from rest of world $855.6 Income Payments to rest of world $754.9 Net National Product $12380.8 Government expenditures for Goods...
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...
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for...
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for Ireland? Category Billions of dollars Consumption (personal consumption expenditures) 320 Investment (gross private domestic investment) 150 Government consumption (government expenditures) Exports 110 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments to foreign factors Net unilateral transfers 10 0 -$290 0 -$410 O $310 O $290
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...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
How do you calculate Government expenditure? The following national income data are available for a country....
How do you calculate Government
expenditure?
The following national income data are available for a country. All data are in billion dollars. Category Residential Investment Payments of Factor Income to the rest of the world National Income Inventory Adjustment Personal Consumption Expenditure Depreciation Exports Nonresidential Investment Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy Imports Value 110.00 50.00 2,174.00 0.00 1,540.00 66.00 132.00 220.00 90.00 200.00 0.00 242.00 Using the above information calculate...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount (Billions SAUD) Consumption of fixed capital Gross private domestic investment Government consumption expenditures Government investment expenditures Imports Exports Household consumption expenditure Net property income paid overseas 285 725 720 165 -550 625 3010 -35 4 (a) (b) (c) (d) (e) Calculate GDP and the country's gross national expenditure using the expenditure approach: Derive the country's gross national product (GNP); Derive the country's net national...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics following information for the current year: Private Disposable Income Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 $0 Net Factor Payments $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: What is the level of private saving and consumption in this economy?...
Saving and investment in the national income accounts The following table contains data for a hypothetical...
Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,365 million. Enter the amount for consumption. National Income Account Value (Millions of dollars) Government Purchases (G) 350 Taxes minus Transfer Payments (T) 280 Consumption (C) ? Investment (I) 315
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for Ireland? Category Billions of dollars Consumption (personal consumption expenditures) 320 Investment (gross private domestic investment) 150 Government consumption (government expenditures) Exports 110 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments to foreign factors Net unilateral transfers 10 0 -$290 0 -$410 O $310 O $290
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...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
How do you calculate Government
expenditure?
The following national income data are available for a country. All data are in billion dollars. Category Residential Investment Payments of Factor Income to the rest of the world National Income Inventory Adjustment Personal Consumption Expenditure Depreciation Exports Nonresidential Investment Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy Imports Value 110.00 50.00 2,174.00 0.00 1,540.00 66.00 132.00 220.00 90.00 200.00 0.00 242.00 Using the above information calculate...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount (Billions SAUD) Consumption of fixed capital Gross private domestic investment Government consumption expenditures Government investment expenditures Imports Exports Household consumption expenditure Net property income paid overseas 285 725 720 165 -550 625 3010 -35 4 (a) (b) (c) (d) (e) Calculate GDP and the country's gross national expenditure using the expenditure approach: Derive the country's gross national product (GNP); Derive the country's net national...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics following information for the current year: Private Disposable Income Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 $0 Net Factor Payments $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: What is the level of private saving and consumption in this economy?...
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