State the relationship between GDP, net domestic product (NDP), national income (NI), personal income (PI), and disposab...
State the relationship between GDP, net domestic product (NDP), national income (NI), personal income (PI), and disposable income (DI).
Homework Answers
NDp=gdp-depreciation
National invome=ndp-indirect taxes+subsidies. Indirect taxes don't form income of factors of production but subsidies do
Personal income=national income-undistributed corporate profits+transfer payments--social security contributions
Disposable income=personal income-direct taxes
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State the relationship between GDP, net domestic product (NDP), national income (NI), personal income (PI), and disposab...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign income Personal consumption expenditures Statistical discrepancy $195.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 0.0 Instructions: Round your answers...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $204.2 17.8 11.8 59.4 14.4 52.1 13.9 16,5 40.5 2.2 229.1 0 Instructions: Round your...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $194.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 Instructions: Round your answers to...
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value Value $285 12 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors'...
Problem 7-4 (Algo) Below is a list of domestic output and national income figures for a...
Problem 7-4 (Algo) Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same Category Value Category Value Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions...
Which of the following National income accounting measure is the largest? A-Personal income B-Net Domestic Product...
Which of the following National income accounting measure is the largest? A-Personal income B-Net Domestic Product C-Disposable Income D- National Income E-Gross Domestic Product
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...
Items 2018 Gross domestic product 20,658.20 Gross national product 20,913.30 Net national product 3,297.70 National income...
Items 2018 Gross domestic product 20,658.20 Gross national product 20,913.30 Net national product 3,297.70 National income 17,659.30 Personal income 17,644.50 Write a report in your own words (1 page, double-spaced), which contains the analysis of the results you received. In this report consider, but do not be limited to the following: What is the difference between gross domestic product (GDP) and gross national product (GNP)? What is the difference in what GDP measures compared to GNP? Based on the table,...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national income fiqures for a certain voar. All fiqures are in billion The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. nts Category Value Category Value Personal consumption expenditures. $245 Personal saving 20 Net foreign...
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value $265 Value 11 16 243 12 14 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign income Personal consumption expenditures Statistical discrepancy $195.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 0.0 Instructions: Round your answers...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $204.2 17.8 11.8 59.4 14.4 52.1 13.9 16,5 40.5 2.2 229.1 0 Instructions: Round your...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $194.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 Instructions: Round your answers to...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value Value $285 12 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors'...
Problem 7-4 (Algo) Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same Category Value Category Value Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions...
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...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national income fiqures for a certain voar. All fiqures are in billion The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. nts Category Value Category Value Personal consumption expenditures. $245 Personal saving 20 Net foreign...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value $265 Value 11 16 243 12 14 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social...
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