Homework Answers
Net domestic product = Consumption Expenditure + Investment + Government Expenditure + Net Exports - Depreciation
= 885+300+350+35-200 = 1370
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The table shows some of the items in Northland's National Income and Product Accounts in 2016....
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Item Wages Calculate the difference between GDP, GNP, and national income >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. GDP minus GNP is S trillion. >>> Answer to 1 decimal place. Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) C...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in...
The national accounts of Parchment Paradise are kept on (you
guessed it) parchment. A fire in the statistics office
destroys some accounts, leaving only the data on the right.
Calculate GDP (expenditure approach) and depreciation.
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect taxes less subsidies 700 Interest, rent, and profit 220 Investment 160 Government expenditure Wages 180 5,900 0 Net factor income from abroad Net exports -300
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect...
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...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in...
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right Calculate GDP (expenditure approach) and depreciation (dollars) 6,940 7,000 700 220 Item GDP (income approach) Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure Wages Net factor income from abroad Net exports GDP (expenditure approach) is $ 160 180 5,900 - 300
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...
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
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Item Wages Calculate the difference between GDP, GNP, and national income >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. GDP minus GNP is S trillion. >>> Answer to 1 decimal place. Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The national accounts of Parchment Paradise are kept on (you
guessed it) parchment. A fire in the statistics office
destroys some accounts, leaving only the data on the right.
Calculate GDP (expenditure approach) and depreciation.
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect taxes less subsidies 700 Interest, rent, and profit 220 Investment 160 Government expenditure Wages 180 5,900 0 Net factor income from abroad Net exports -300
(dollars) Item GDP (income approach) Consumption expenditure 6,940 7,000 Indirect...
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 national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right Calculate GDP (expenditure approach) and depreciation (dollars) 6,940 7,000 700 220 Item GDP (income approach) Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure Wages Net factor income from abroad Net exports GDP (expenditure approach) is $ 160 180 5,900 - 300
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...
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
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