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
Homework Answers
(a)
Calculate the GDP by Expenditure Method -
GDP = Government purchases + Personal consumption expenditure + Gross investment + Exports - Imports
GDP = $220 + $520 + $170 + $350 - $320
GDP = $940
The GDP by Expenditure Method is $940.
(b)
Calculate the GDP by Income Method -
GDP = Wages, salaries, and supplementary labor income + Profits of corporations and government enterprises before taxes + Interest and investment income + Net income of farm and unincorporated businesses + Indirect taxes less subsidies + Capital consumption allowance
GDP = $500 + $140 + $40 + $120 + $50 + $90
GDP = $940
The GDP by Income Method is $940.
Add Answer to:
The following is a list of
figures for a given year in billions of dollars.
(a)...
could you help me check 1-4 the answer of my question. And solve the question5. Thanks...
could you help me check 1-4 the answer of my question. And
solve the question5. Thanks for you sincerely.
1. Personal taxes 2. Corporate income taxes 3. Indirect taxes less subsidies 4. Undistributed corporate profits 5. Net income of farm and unincorporated business 6. Wages, salaries, and supplementary labour income 7. Personal consumption expenditures 8. Capital consumption allowance (depreciation) 9. Exports 10. Profits of corporations and government enterprises before taxes 11. Interest and investment income 12. Dividends 13. Imports 14....
The table below shows the values for several different components of GDP Value (billions of dollars)...
The table below shows the values for several different components of GDP Value (billions of dollars) 266 Personal consumption expenditures Net foreign factor income Transter payments Rents Consumption of fixed capital (depreciation Statistical discrepancy Social Security contributions Interest Proprietors' income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits 15 12 10 23 12 16 263 16 46 61 Government purchases Net private domestic investment Personal saving 10...
refer to the accompanying national income statistics (in billions and dollars ) national income is ???...
refer to the accompanying national income statistics (in
billions and dollars ) national income is ???
Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy 5 0 16 1 66 1 < Prev 8 of 30 N earch
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...
4. The following is a list of figures for a given year in billions of dollars....
4. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP: (b) NDP: (c) NI;(d) Pl: (e) DI; 0 Net exports. double check your work adding up your national income and disposable income. Billions of dollars 16 purchases 80 Personal taxes Corporate income taxes Taxes on production and 5 imports I Security contributions stributed corporate 19 fits ietors' income Compensation of employees 258 ersonal consumption 322 We were unable...
Billions of Dollars 80 45 40 15 160 375 35 Investment Capital consumption allowance (depreciation) Exports...
Billions of Dollars 80 45 40 15 160 375 35 Investment Capital consumption allowance (depreciation) Exports Imports Government purchases Consumption Indirect business taxes Social insurance taxes Corporate profit taxes Undistributed corporate profits Transfer payments Personal taxes Compensation of employees Corporate profits Rental income (of persons) Net interest Proprietors' income Income earned from the rest of the world Income earned by the rest of the world 4 110 455 90 25 25 80 40 The five components of GDP from the...
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...
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...
Answer the next question(s) on the basis of the following data. All figures are in billions...
Answer the next question(s) on the basis of the following data. All figures are in billions of dollars. Personal taxes $40 Social Security Contributions $15 Indirect Business Taxes $20 Corporate Income Taxes $40 Transfer Payments $22 U.S. exports $24 Undistributed Corporate Profits $35 Government Purchases $90 Gross Private Domestic Investment $75 U.S. Imports $22 Personal Consumption Expenditures $250 Depreciation $25 Net Foreign Factor Income earned in the U.S. $10 Refer to the above data. NDP is: O $370 O $402...
economics// show work please 25. Answer the question on the basis of the following data. All figures are in billion...
economics// show work please
25. Answer the question on the basis of the following data. All figures are in billions of dollars. Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the data. NDP is: A. $370. B. $402. C. $392 D. $467
could you help me check 1-4 the answer of my question. And
solve the question5. Thanks for you sincerely.
1. Personal taxes 2. Corporate income taxes 3. Indirect taxes less subsidies 4. Undistributed corporate profits 5. Net income of farm and unincorporated business 6. Wages, salaries, and supplementary labour income 7. Personal consumption expenditures 8. Capital consumption allowance (depreciation) 9. Exports 10. Profits of corporations and government enterprises before taxes 11. Interest and investment income 12. Dividends 13. Imports 14....
The table below shows the values for several different components of GDP Value (billions of dollars) 266 Personal consumption expenditures Net foreign factor income Transter payments Rents Consumption of fixed capital (depreciation Statistical discrepancy Social Security contributions Interest Proprietors' income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits 15 12 10 23 12 16 263 16 46 61 Government purchases Net private domestic investment Personal saving 10...
refer to the accompanying national income statistics (in
billions and dollars ) national income is ???
Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy 5 0 16 1 66 1 < Prev 8 of 30 N earch
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...
4. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP: (b) NDP: (c) NI;(d) Pl: (e) DI; 0 Net exports. double check your work adding up your national income and disposable income. Billions of dollars 16 purchases 80 Personal taxes Corporate income taxes Taxes on production and 5 imports I Security contributions stributed corporate 19 fits ietors' income Compensation of employees 258 ersonal consumption 322 We were unable...
Billions of Dollars 80 45 40 15 160 375 35 Investment Capital consumption allowance (depreciation) Exports Imports Government purchases Consumption Indirect business taxes Social insurance taxes Corporate profit taxes Undistributed corporate profits Transfer payments Personal taxes Compensation of employees Corporate profits Rental income (of persons) Net interest Proprietors' income Income earned from the rest of the world Income earned by the rest of the world 4 110 455 90 25 25 80 40 The five components of GDP from the...
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...
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...
Answer the next question(s) on the basis of the following data. All figures are in billions of dollars. Personal taxes $40 Social Security Contributions $15 Indirect Business Taxes $20 Corporate Income Taxes $40 Transfer Payments $22 U.S. exports $24 Undistributed Corporate Profits $35 Government Purchases $90 Gross Private Domestic Investment $75 U.S. Imports $22 Personal Consumption Expenditures $250 Depreciation $25 Net Foreign Factor Income earned in the U.S. $10 Refer to the above data. NDP is: O $370 O $402...
economics// show work please
25. Answer the question on the basis of the following data. All figures are in billions of dollars. Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the data. NDP is: A. $370. B. $402. C. $392 D. $467
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