Homework Answers
1. GDP (2012) = 20 × 0.5 + 20 × 0.8 + 15 × 4 = $ 86 ( Option A).
2. Real GDP = 20 ×1 + 20 × 0.6 + 15 ×4 = $ 92 (Option C)
3. GDP (1990) = 10×1 + 15×0.6 + 8×4 = $ 51 (Option D)
4. National income = compensation of employees + proprietors' income + corporate profits + rental income + net interest.
Option C.
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0 JUMUI LAPUIS du POILS. c. exports...
Exhibit 6-1 05.832 : Not Answered CPI Refer to Exhibit 6-1. Prices rose by approximately percent...
Exhibit 6-1 05.832 : Not Answered CPI Refer to Exhibit 6-1. Prices rose by approximately percent from Year 1 to Year 5 106 b.9.6 6143 45 Exhibit 7-2 1990 2019 Goods Quantities 2019 Prices Quantities 10 papayas 1990 Prices $1.00 50.60 skirts $0.50 $0.80 $4.00 $4.00 Refer to Exhibit 7-2 GDP in 1990 is 2.551 Lb. 586. Limpossible to calculate without the CPL d. 592. e. $49.
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure...
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150 Government spending 400 Depreciation 100 Rental income 70 Gross private domestic investment 120 Compensation of employees 830 Exports 120 Imports 70 Indirect business taxes 80 Proprietors' income 120 Personal income taxes 110 Social Security taxes 50 Transfer payments 160 In Exhibit 5-8, personal income (PI) equals: $1,280 billion. $2,290 billion. $1,310 billion. $2,320 billion. $1,400 billion.
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150 Government spending 400 Depreciation 100 Rental income 70 Gross private domestic investment 120 Compensation of employees 830 Exports 120 Imports 70 Indirect business taxes 80 Proprietors' income 120 Personal income taxes 110 Social Security taxes 50 Transfer payments 160 In Exhibit 5-8, disposable personal income (PI) is: $2,180 billion. $1,200 billion. $2,210 billion. $1,180 billion. $1,290 billion.
So I know the equation for GDP is consumers+investement+Goverment spending +(X-M). but could someone break down...
So I know the equation for GDP is
consumers+investement+Goverment spending +(X-M). but could someone
break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars. Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees 369 Rents Interest...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
QUESTION 33 Which of the following is not a final good? ( ) a. A new...
QUESTION 33 Which of the following is not a final good? ( ) a. A new computer sold to a USC student. ( ) b. A new car sold to Avis for use in their fleet of rental cars. ( ) c. A purse sold to a foreign visitor. ( ) d. A hot dog sold to a spectator at a USC football game. 1 points [Save Answer] QUESTION 34 When calculating the compensation of employees component of GDP (...
#7 please 2010 Good Quantity Hot dogs 200 Hamburgers 200 2018 Price Quantity $ 2 250...
#7 please
2010 Good Quantity Hot dogs 200 Hamburgers 200 2018 Price Quantity $ 2 250 $3 500 Price $4 54 c. Apple sells a computer to a bakery in Paris, France. d. Apple sells a computer to Paris Hilton. e. Apple builds a computer to be sold next year. Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1990, and the most recent year available. a. Personal consumption expenditures...
c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct....
c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct. 48. Henry buys a bond issued by Ralston Purina, which uses the funds to buy new machinery for one of its factories. a. Henry and Ralston Purina are both investing. b. Henry and Ralston Purina are both saving. c. Henry is investing: Ralston Purina is saving. d. Henry is saving: Ralston Purina is investing. 49. Which of the following is not included in GDP?...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
Exhibit 6-1 05.832 : Not Answered CPI Refer to Exhibit 6-1. Prices rose by approximately percent from Year 1 to Year 5 106 b.9.6 6143 45 Exhibit 7-2 1990 2019 Goods Quantities 2019 Prices Quantities 10 papayas 1990 Prices $1.00 50.60 skirts $0.50 $0.80 $4.00 $4.00 Refer to Exhibit 7-2 GDP in 1990 is 2.551 Lb. 586. Limpossible to calculate without the CPL d. 592. e. $49.
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
So I know the equation for GDP is
consumers+investement+Goverment spending +(X-M). but could someone
break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars. Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees 369 Rents Interest...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
#7 please
2010 Good Quantity Hot dogs 200 Hamburgers 200 2018 Price Quantity $ 2 250 $3 500 Price $4 54 c. Apple sells a computer to a bakery in Paris, France. d. Apple sells a computer to Paris Hilton. e. Apple builds a computer to be sold next year. Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1990, and the most recent year available. a. Personal consumption expenditures...
c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct. 48. Henry buys a bond issued by Ralston Purina, which uses the funds to buy new machinery for one of its factories. a. Henry and Ralston Purina are both investing. b. Henry and Ralston Purina are both saving. c. Henry is investing: Ralston Purina is saving. d. Henry is saving: Ralston Purina is investing. 49. Which of the following is not included in GDP?...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
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