Suppose you are given the following information about some hypothetical economy and its national income accounts....
Suppose you are given the following information about some hypothetical economy and its national income accounts. Use this information to answer the questions that follow (Amounts are in billions of dollars)
Indirect Business Taxes $919.0
Corporate Profits $1208.9
Corporate Profits Taxes $469.4
Retained Earnings $330.8
Proprietor’s Income $1038.4
Rental Income $62.1
Net Interests $1171.1
Exports $1685.7
Imports $2380.4
Income Receipts from rest of world $855.6
Income Payments to rest of world $754.9
Net National Product $12380.8
Government expenditures for Goods and Services $2716.5
Personal current Transfer receipts $1742.3
Social Security Taxes (employee and employer) $981.5
Personal Consumption expenditures $9785.7
Gross Private Domestic Investment $2162.9
Disposable Personal Income $10257.5
- Find National Income.
- Find Wages and Salaries.
- Find the Percentage of Wages and Salaries in National Income.
- Find Personal Income.
- Find Personal Income Taxes.
- Find Personal Saving.
- Find the percentage of Personal Saving as of the Disposable Personal Income.
Homework Answers
Add Answer to:
Suppose you are given the following
information about some hypothetical economy and its national income
accounts....
The gig economy has changed the world of work. Discuss Assume the following national income accounting...
The gig economy has changed the world of work. Discuss Assume the following national income accounting data in billions of ringgit: RM billion transfer payments to persons 400 personal taxes 100 corporate profit tax payments, undistributed profits and valuation adjustments 200 interest paid to businesses 50 contributions to Social Security 350 net personal transfer payments to foreigners 15 personal interest income 150 government purchases of goods and services 100 consumption expenditures 750 gross investment 75 imports of goods and...
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
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal T...
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest 15 18 20 25 22 42 Proprietors Income Transfer Payments Dividends 30 16 Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consunmption Expenditures Consumption of Fixed Capital (Depreciation) Net Foreign Factor Income Personal Saving Corporate Profits Statistical Discrepancy 225 15...
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...
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...
1. Find GDP 2.Find NDP 3.Find national income 4. Find personal income 5. Find Disposable Income...
1.
Find GDP
2.Find NDP
3.Find national income
4. Find personal income
5. Find Disposable Income
$307 1722 255 320 1810 55 367 203 Consumption of fixed capital Compensation of employees Taxes on production and imports Transfer payments Personal Consumption expenditures Undistributed corporate profits - Statistical discrepancy Exports Corporate profits Rents Corporate income taxes Proprietors' income Social security contributions Net foreign factor income Dividends Government purchases Gross Private Domestic Investment Interest Imports Personal Taxes 33 88 132 148 0 60...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
1. (10 marks) The following are some of the national income accounts for the country of...
1. (10 marks) The following are some of the national income accounts for the country of Alder (all figures are in Sbillions): CIndirect taxe I Net investment 160 60 380 100 150 140 100 120 160 40 10 60 50 500 270 140 rnment spending on goods and services Depreciation Personal income tax Transfer payments Personal savings Exports Imports Net foreign factor income Others income not paid out Dividends E-T Corporate profits tax Disposable income Compensation of employees Gross corporate...
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...
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
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest 15 18 20 25 22 42 Proprietors Income Transfer Payments Dividends 30 16 Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consunmption Expenditures Consumption of Fixed Capital (Depreciation) Net Foreign Factor Income Personal Saving Corporate Profits Statistical Discrepancy 225 15...
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...
1.
Find GDP
2.Find NDP
3.Find national income
4. Find personal income
5. Find Disposable Income
$307 1722 255 320 1810 55 367 203 Consumption of fixed capital Compensation of employees Taxes on production and imports Transfer payments Personal Consumption expenditures Undistributed corporate profits - Statistical discrepancy Exports Corporate profits Rents Corporate income taxes Proprietors' income Social security contributions Net foreign factor income Dividends Government purchases Gross Private Domestic Investment Interest Imports Personal Taxes 33 88 132 148 0 60...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
1. (10 marks) The following are some of the national income accounts for the country of Alder (all figures are in Sbillions): CIndirect taxe I Net investment 160 60 380 100 150 140 100 120 160 40 10 60 50 500 270 140 rnment spending on goods and services Depreciation Personal income tax Transfer payments Personal savings Exports Imports Net foreign factor income Others income not paid out Dividends E-T Corporate profits tax Disposable income Compensation of employees Gross corporate...
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...
Most questions answered within 3 hours.
-
In a certain binary-star system, each star has the same mass
which is 4.4 times of...
asked 1 minute ago -
Use the model of the small open economy (Apply the small
open economy model of real...
asked 9 minutes ago -
The structure Car is declared as follows: struct Car { string
carMake; string carModel; int yearModel;...
asked 18 minutes ago -
Consider a transformer with 125 turns of wire in the primary
winding and 1475 turns of...
asked 18 minutes ago -
Let h be the depth below the surface of the ocean at which the
absolute pressure...
asked 20 minutes ago -
Apply the four-stage New Product Development model shown in page
325 of your text book
(Concept...
asked 29 minutes ago -
An enzyme catalyzes the reaction A ⇌ B. The enzyme is present at
a concentration of...
asked 37 minutes ago -
The number of years of education of self-employed individuals in
the United States has a population...
asked 1 hour ago -
Using the TI-84 calculator, find the area under the standard
normal curve that lies outside the...
asked 51 minutes ago -
You are considering the purchase of a share of Edie's common
stock. You expect to sell...
asked 53 minutes ago -
Assembly Programming
INCLUDE Irvine32.inc
Make a program that takes a string and a word as inputs...
asked 1 hour ago -
Can I get a C++ code and output for this program using classes
instead of using...
asked 1 hour ago