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.
Homework Answers
GDP at MP by expenditure method=C+I+G+NX
=7,000+160+180+(-300)
=$7,040
GDP at FC=GDP at MP- indirect tax less subsidies
=7040-700
=$6,340
The depreciation cannot be determined with the given data.
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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 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
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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...
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The following is a list of
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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
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 Northland's National Income and Product Accounts in 2016. Calculate Northland's net domestic product at factor cost in 2016. Amount (billions of dollars) 885 815 Northland's net domestic product at factor cost in 2016 is $ billion. Item Consumption expenditure Wages Government expenditure Interest, rent, and profit Indirect taxes less subsidies Depreciation Investment Net exports
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 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 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...
need help answering these questions
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