Homework Answers
e.
NNP at FC by expenditure method=C+I+G+X-M-depreciation+ Receipt of foreign income- Payments of income to foreigners- indirect business tax
=1520+410+580+450-260-310+75-65-230
=$2,170
f
Personal Income=National income+ transfer payments- corporate retained earning- corporate income taxes- social security taxes
=2170+300-0-0-235
=$2,235
g.
Personal disposable income= Personal income – personal taxes
=2235-325
=$1,910
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questions e,f,g! ***** ......$325 ......$98 .....$410 vuviai IVURI G Government Purchases of goods and services.......
******** . ................598 vuviai ILUNI Anu rivuuvo RUVUURIL Goverment Purchases of goods and services.... ..$580 Indirect...
******** . ................598 vuviai ILUNI Anu rivuuvo RUVUURIL Goverment Purchases of goods and services.... ..$580 Indirect business taxes. ..$230 Personal consumption expenditures.. $1,520 Depreciation. ..$310 Proprietors' income..... $175 Employer contribution to public and private pensio ...$325 Net interest...... Gross private domestic investment. -$410 Rental income. $45 Exports.......... .......... ...$450 Imports............. $260 Corporate profits...... $225 Wages and salaries.......... Social secyrity payroll taxes. ... ...................$235 Government transfer payments to indivduals............ ..$300 Personal interest and dividends and business transfers to individuals........$340 Personal taxes....
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...
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.
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...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
Consider the following accounting statement for a small economy: Compensation of employees $10,000 Consumption of fixed...
Consider the following accounting statement for a small economy: Compensation of employees $10,000 Consumption of fixed capital $100 Corporate income taxes $200 Dividends $350 Government purchases $1,000 Gross private domestic investment $1,000 Indirect business taxes $400 Interest $600 Net exports -$1,000 Net foreign factor income earned in the United States $50 Personal consumption expenditures $12,000 Personal taxes $1,050 Proprietors' income $800 Rents $200 Social Security contributions $500 Transfer payments $200 Undistributed corporate profits $300. In this economy, GDP is equal...
Let C stand for consumption spending, I for investment, G for government purchases, X for exports,...
Let C stand for consumption spending, I for investment, G for government purchases, X for exports, M for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+(X-M)= DI + NT Which of the following best characterizes the above identity? Aggregate income must equal the total amount of leakages from the nation's flow of income and expenditures Domestic product must exceed aggregate income. O Aggregate income must equal domestic...
-600 480 1.800 2.400 480 Net exports of goods and services Net interest paid by business Government purchases of go...
-600 480 1.800 2.400 480 Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Indirect business taxes Rental income of individuals plus implicit rent on owner-occupied housing Wages, salaries, employee compensation Personal consumption expenses Depreciation Proprietorial income Corporate profits 240 7.200 8.400 960 1.200 1440 Use the data in the table to calculate Gross Domestic Product (GDP) for this country. GDP is equal to 50 Use the data...
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.
******** . ................598 vuviai ILUNI Anu rivuuvo RUVUURIL Goverment Purchases of goods and services.... ..$580 Indirect business taxes. ..$230 Personal consumption expenditures.. $1,520 Depreciation. ..$310 Proprietors' income..... $175 Employer contribution to public and private pensio ...$325 Net interest...... Gross private domestic investment. -$410 Rental income. $45 Exports.......... .......... ...$450 Imports............. $260 Corporate profits...... $225 Wages and salaries.......... Social secyrity payroll taxes. ... ...................$235 Government transfer payments to indivduals............ ..$300 Personal interest and dividends and business transfers to individuals........$340 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.
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...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
Let C stand for consumption spending, I for investment, G for government purchases, X for exports, M for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+(X-M)= DI + NT Which of the following best characterizes the above identity? Aggregate income must equal the total amount of leakages from the nation's flow of income and expenditures Domestic product must exceed aggregate income. O Aggregate income must equal domestic...
-600 480 1.800 2.400 480 Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Indirect business taxes Rental income of individuals plus implicit rent on owner-occupied housing Wages, salaries, employee compensation Personal consumption expenses Depreciation Proprietorial income Corporate profits 240 7.200 8.400 960 1.200 1440 Use the data in the table to calculate Gross Domestic Product (GDP) for this country. GDP is equal to 50 Use the data...
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