The components of disposable income are (1) personal consumption expenditures, (2) personal savings, (3) intrest payments,...
Homework Answers
It is important to present components of disposable income as percentages in order to find out how much an average consumer is spending his income on consumption, savings, interest payments and transferring to foreigners.
These percentages help convert these numbers into comparable formats, since one cannot compare absolute values of these variables for different countries.
For e.g. a person in US might be spending $1000 on consumption while a person in Kenya might not be spending even $10 on consumption, despite it being a higher percentage share of his income.
Thus, presenting these numbers into percentage form is necessary for comparing these statistics among countries and find out consumer standard of living in each country for people and governments to compare alike.
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The
components of disposable income are (1) personal consumption
expenditures, (2) personal savings, (3) intrest payments,...
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...
$140 Table: Income and Consumption Disposable Personal Income Consumption $100 220 300 300 400 380 300...
$140 Table: Income and Consumption Disposable Personal Income Consumption $100 220 300 300 400 380 300 460 200 108. (Ref 28-4 Table: Income and Consumption) Use Table: Income and Consumption. When disposable personal income is $200, the marginal propensity to consume is: a. 0.00 b. 0.20 c. 0.80 d. 1.40 mant or foreign sector), disposable income increases from $2,0
How to calculate personal savings. NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3:...
How to calculate personal savings.
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion S 150 billion S 500 billion S 500 billion S 800 billion $ 150 billion $9,000 billion $900 billion d. 9,900 bi1lion 3. Personal saving is equal to a. $1,000 billion b. $900 billion c. $100 billion d. $50 billion 4. Disposable income is...
Consider the following table for a? household's consumption expenditures and disposable income. To the nearest? dollar,...
Consider the following table for a? household's consumption expenditures and disposable income. To the nearest? dollar, compute desired saving at each level of disposable income. ?(Enter your responses as whole numbers and include a minus sign where? appropriate.) Income Consumption Savings ?$0 ?$100 ?$ ?$100 ?$150 ?$ ?$200 ?$200 ?$ ?$300 ?$250 ?$ ?$400 ?$300 ?$ ?$500 ?$350 ?$ The marginal propensity to save is ____. ?(Enter your response rounded to two decimal? places.) The marginal propensity to save ____...
Collabon Short-Answer, Essays, and Problems 1. What are the relationships among consumption, saving, and disposable income?...
Collabon Short-Answer, Essays, and Problems 1. What are the relationships among consumption, saving, and disposable income? 2. Define the consumption schedule. 3. Describe the saving schedule. 4. Explain how consumption and saving are related to disposable income in the aggregate expenditures model. 5. Fill in the table below. Describe your result. Disposable Income Consumptio Saving $200 $210 $ $220 $230 $10 $260 $20 $280 $300 6. Complete the following table assuming that (a) MPS - 1/5, (b) there is no...
Consider the following table showing aggregate consumption expenditures and disposable income. All values are expressed in...
Consider the following table showing aggregate consumption expenditures and disposable income. All values are expressed in billions of constant dollars. a. Compute desired saving at each level of disposable income. (Round your responses to the nearest whole number.) 50- Disposable Income (Y) Desired Consumption (C) NUL Savings 100 200 300 400 5 0 600 700 800 100 180 Savings (5) -50/ 260 100 200 300 400 500 600 340 420 500 580 Click the graph, choose a tool in the...
Macroeconomics Assignment 2 1. The table shows disposable income and consumption expenditure in an economy. Use...
Macroeconomics Assignment 2 1. The table shows disposable income and consumption expenditure in an economy. Use the table to work Problems A and B. Disposable Consumption income expenditure (Billions of dollars) 800 1,000 A. Calculate saving at each level of disposable income. Over what range of disposable income does consumption expenditure exceed disposable income? Calculate autonomous consumption expenditure. B. Calculate the marginal propensity to consume. At what level of disposable income will savings be zero? If expected future income increases,...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving....
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving. 3) income after adding transfers and subtracting taxes 4) the same as "income". 5) income minus both saving and taxes. Question 20 (1 point) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: 1) the price level (GDP deflator) has increased. 2) real output has decreased and the price level has increased. 3) either real output...
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...
$140 Table: Income and Consumption Disposable Personal Income Consumption $100 220 300 300 400 380 300 460 200 108. (Ref 28-4 Table: Income and Consumption) Use Table: Income and Consumption. When disposable personal income is $200, the marginal propensity to consume is: a. 0.00 b. 0.20 c. 0.80 d. 1.40 mant or foreign sector), disposable income increases from $2,0
How to calculate personal savings.
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion S 150 billion S 500 billion S 500 billion S 800 billion $ 150 billion $9,000 billion $900 billion d. 9,900 bi1lion 3. Personal saving is equal to a. $1,000 billion b. $900 billion c. $100 billion d. $50 billion 4. Disposable income is...
Collabon Short-Answer, Essays, and Problems 1. What are the relationships among consumption, saving, and disposable income? 2. Define the consumption schedule. 3. Describe the saving schedule. 4. Explain how consumption and saving are related to disposable income in the aggregate expenditures model. 5. Fill in the table below. Describe your result. Disposable Income Consumptio Saving $200 $210 $ $220 $230 $10 $260 $20 $280 $300 6. Complete the following table assuming that (a) MPS - 1/5, (b) there is no...
Consider the following table showing aggregate consumption expenditures and disposable income. All values are expressed in billions of constant dollars. a. Compute desired saving at each level of disposable income. (Round your responses to the nearest whole number.) 50- Disposable Income (Y) Desired Consumption (C) NUL Savings 100 200 300 400 5 0 600 700 800 100 180 Savings (5) -50/ 260 100 200 300 400 500 600 340 420 500 580 Click the graph, choose a tool in the...
Macroeconomics Assignment 2 1. The table shows disposable income and consumption expenditure in an economy. Use the table to work Problems A and B. Disposable Consumption income expenditure (Billions of dollars) 800 1,000 A. Calculate saving at each level of disposable income. Over what range of disposable income does consumption expenditure exceed disposable income? Calculate autonomous consumption expenditure. B. Calculate the marginal propensity to consume. At what level of disposable income will savings be zero? If expected future income increases,...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving. 3) income after adding transfers and subtracting taxes 4) the same as "income". 5) income minus both saving and taxes. Question 20 (1 point) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: 1) the price level (GDP deflator) has increased. 2) real output has decreased and the price level has increased. 3) either real output...
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