Homework Answers
Ans: exclude transfer payments.
Explanation:
Because transfer payments are the reallocation of money from one party to another. It is not an expenditure on produced goods and services.
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Government purchases in the national income accounts: O include transfer payments. exclude expenditures by local gover...
26. Government purchases include spending on goods and services by a. the federal govermment, but not...
26. Government purchases include spending on goods and services by a. the federal govermment, but not by state or local governments. b. federal and state governments, but not by local governments. c. federal, state, and local governments. d. federal, state, and local governments, as well as household spending by employees of th governments. 4 Which of the following can be measured by the level of real GRP n? a. productivity and the standard of living b. productivity but not the...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
Government purchases (NOT including transfer payments) = $800 Transfer payments = $200 Total taxes = $500...
Government purchases (NOT including transfer payments) = $800 Transfer payments = $200 Total taxes = $500 Output (income) = $5000 Consumption = $3000 Calculate this economy's "net taxes,"
Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption...
Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 247 249 475 5 300 245 60 240 65 40 Refer to the accompanying national income data (in billions of dollars). National income is Multiple Choice $940 billion. $975 billion. $804 billion. $1,019 billion.
Problem 7. Use the amounts in the national accounts listed in the table below Accounts Billions o...
Problem 7. Use the amounts in the national accounts listed in the table below Accounts Billions of Dollars 1,500 295 1200 10 475 13,320 5,975 3,150 3,400 3,575 850 2,200 roprietors' income onsumption of fixed capital (depreciation) ederal government purchases of goods and services Compensation of employees Personal consumption expenditures 6 iscellaneous adjustments orporate profits ports ross private domestic investmert Rental income State and local government purchases of goods and ervices et interest tatistical discrepancy 475 3,375 mports a. Calculate...
Government purchases (NOT including transfer payments) = $800 Transfer payments = $200 Total taxes = $1200...
Government purchases (NOT including transfer payments) = $800 Transfer payments = $200 Total taxes = $1200 Output (income) = $5200 Consumption = $3000 Let's say the MPC = 0.75 and the government gives a tax cut of $20. As a result, private savings will [ Select ] ["fall", "not change", "rise"] , public savings will ...
In the national income accounts, all of the following are classified as government purchases except: A.services...
In the national income accounts, all of the following are classified as government purchases except: A.services provided by police officers. B.purchases of military hardware. C.services provided by public servants. D.payments made to social security recipients.
7. Saving and investment in the national Income accounts The following table contains data for a...
7. Saving and investment in the national Income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency Suppose GDP in this country is $1,250 millin. Enter the amount for government purchases Value National Income Account(Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (T) 300 625 375 Complete the following table by using national income accounting identities to calculate national saving. In your caiculations, use data...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
The national income accounting identity breaks GDP into four expenditure components. To which of the four components w...
The national income accounting identity breaks GDP into four expenditure components. To which of the four components would the following belong: A laptop manufactured by Dell (located in the US) and purchased by the Massachusetts state government. O Public consumption. O Government transfer payments. O Government expenditures. O Domestic production.
26. Government purchases include spending on goods and services by a. the federal govermment, but not by state or local governments. b. federal and state governments, but not by local governments. c. federal, state, and local governments. d. federal, state, and local governments, as well as household spending by employees of th governments. 4 Which of the following can be measured by the level of real GRP n? a. productivity and the standard of living b. productivity but not the...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 247 249 475 5 300 245 60 240 65 40 Refer to the accompanying national income data (in billions of dollars). National income is Multiple Choice $940 billion. $975 billion. $804 billion. $1,019 billion.
Problem 7. Use the amounts in the national accounts listed in the table below Accounts Billions of Dollars 1,500 295 1200 10 475 13,320 5,975 3,150 3,400 3,575 850 2,200 roprietors' income onsumption of fixed capital (depreciation) ederal government purchases of goods and services Compensation of employees Personal consumption expenditures 6 iscellaneous adjustments orporate profits ports ross private domestic investmert Rental income State and local government purchases of goods and ervices et interest tatistical discrepancy 475 3,375 mports a. Calculate...
7. Saving and investment in the national Income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency Suppose GDP in this country is $1,250 millin. Enter the amount for government purchases Value National Income Account(Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (T) 300 625 375 Complete the following table by using national income accounting identities to calculate national saving. In your caiculations, use data...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
The national income accounting identity breaks GDP into four expenditure components. To which of the four components would the following belong: A laptop manufactured by Dell (located in the US) and purchased by the Massachusetts state government. O Public consumption. O Government transfer payments. O Government expenditures. O Domestic production.
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