Homework Answers
GDP at market price = consumption expenditure(234+282+646=1162)
+ gross investment ( 348+134+180+13=675
+ govt. Expenditure 491
+Net exports( exports -imports) 664-532=132
=2460 billion dollars
GDP at market price + net factor income from abroad (-28+-2=-30)= GNP at market price
2460 -30=2430 billion dollar
GNP at market price - depreciation = NNP at market price
2430 - 371 = 2059 billion dollar
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37. Exhibit: Totals Recorded for Canada TABLE 1. Exhibit: Totals Recorded for Canada (billions of dollars)...
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3. Consider the following table for Canada's GDP in 2016 Components of GDP in 2016 (billions of dollars) Category Personal expenditure on consumer goods and services Durable goods 231.2 273.4 648.9 28.6 Non-durable goods Services Non-profit institutions serving households' final consumption expenditure General government's final consumption expenditure Business gross fixed capital formation 429.8 Residential structures 154.1 Non-residential structures Machinery and equipment 80.2 33.3 2.8 Intellectual property products Non-profit institutions serving households' gross fixed capital formation General government's gross fixed capital...
The following is a list of figures for a given year in billions of dollars. (a)...
The following is a list of
figures for a given year in billions of dollars.
(a) GDP by the Expenditure Method
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Q8: Refer to the information provided in Table below to answer the question(s) that follow. $...
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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...
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The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
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Use Table 1 for net earnings (NE) information and Table 3 for net exports (X). How...
Use Table 1 for net earnings (NE) information and Table 3 for
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Use Table 1 for net earnings (NE) information and Table 3 for net exports (X). Suppose...
Use Table 1 for net earnings (NE) information and Table 3 for
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3. Consider the following table for Canada's GDP in 2016 Components of GDP in 2016 (billions of dollars) Category Personal expenditure on consumer goods and services Durable goods 231.2 273.4 648.9 28.6 Non-durable goods Services Non-profit institutions serving households' final consumption expenditure General government's final consumption expenditure Business gross fixed capital formation 429.8 Residential structures 154.1 Non-residential structures Machinery and equipment 80.2 33.3 2.8 Intellectual property products Non-profit institutions serving households' gross fixed capital formation General government's gross fixed capital...
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
$ 70 220 160 50 120 500 Transfer payments Government purchases Personal taxes Corporate income taxes Indirect taxes less subsidies Undistributed corporate profits Net income of farm and unincorporated businesses Wages, salaries, and supplementary labour income Personal consumption expenditures Capital consumption allowance Exports Profits of corporations and government enterprises before taxes Interest and...
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $ Billions Non-durable goods 600 Exports 500 Imports 1200 municipalities purchase of goods 200 Government purchases of goods 150 Residential investment 500 Change in business inventories -100 800 Durable goods 250 Services 1) Personal consumption expenditures 2) The value for gross domestic investment 3) The value for net exports 4) The value of government spending 5) The value of gross domestic product (GDP).
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Exhibit 5-1 Use the information below to answer the following question(s). $900 75 Billions of National income account dollars Personal consumption expenditures Personal taxes 180 Government consumption and gross investment 300 Interest income Exports Imports Depreciation Gross investment 12. Refer to Exhibit 5-1. What is this country's gross domestic product? a. $1,225. b. $1,305. c. $1,365. d. $1,440. 60 200 9. If you buy a book of U.S. postage stamps to use to mail postcards to your cat, the purchase...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
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Use Table 1 for net earnings (NE) information and Table 3 for
net exports (X). How much was the total domestic saving in the
United States?
Your answer: _______________ ($ billion) (Please round your
answer to one decimal place.)
Table 3: U.S. GDP 2018 (billions of U.S. dollars) Line 3 4 6 10 11 13 Gross domestic product Personal consumption expenditures Goods Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment Intellectual property products Residential...
Use Table 1 for net earnings (NE) information and Table 3 for
net exports (X). Suppose that the government budget deficit was
$800 billion for 2018, what was the U.S. private sector’s saving in
2018? Your answer: _______________ ($ billion) (Please round your
answer to one decimal place.)
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