QUESTION 2Refer to the accompanying national income data (in billions of dollars) and answer the following questions. (Show your calculations)$1,5931,1131,683Gross Private Domestic InvestmentPersonal TaxesTransfer PaymentsTaxes on Production and Imports695213Corporate Income TaxesPersonal Consumption ExpendituresConsumption of Fixed CapitalUS Exports7,3041,3931,059Dividends434Government Purchases1,973Net Foreign Factor IncomeUndistributed Corporate ProfitsSocial Security ContributionsUS ImportsStatistical Discrepancy101417481,48350a. Caleulate Net Exports. Does the country face a trade deficit or surplus or neither?b. Calculate the Gross Domestic Product (GDP).c Calculate the National Income (NI)d. Caleulate Corporate Profitse. Calculate the Net private domestic investment.

Exports are labor and products that are created locally, however at that point offered to clients…

QUESTION 2 Refer to the accompanying national income data (in billions of dollars) and answer the following questions. (Show your calculations) $1,593 1,113 Gross Private Domestic Investment Personal Taxes Transfer Payments Taxes on Production and Imports Corporate Income Taxes Personal Consumption Expenditures Consumption of Fixed Capital US Exports 1,683 695 213 7,304 1,393 1,059 434 Dividends Government Purchases Net Foreign Factor Income Undistributed Corporate Profits Social Security Contributions US Imports Statistical Discrepancy 1,973 10 141 748 1,483 50 a. Calculate Net Exports. Does the country face a trade deficit or surplus or neither? b. Calculate the Gross Domestic Product (GDP). c Caleulate the National Income (NI) d. Caleulate Corporate Profits e. Calculate the Net private domestic investment.

QUESTION 2 Refer to the accompanying national income data (in billions of dollars) and answer the following questions. (Show your calculations) $1,593 1,113 Gross Private Domestic Investment Personal Taxes Transfer Payments Taxes on Production and Imports Corporate Income Taxes Personal Consumption Expenditures Consumption of Fixed Capital US Exports 1,683 695 213 7,304 1,393 1,059 434 Dividends Government Purchases Net Foreign Factor Income Undistributed Corporate Profits Social Security Contributions US Imports Statistical Discrepancy 1,973 10 141 748 1,483 50 a. Calculate Net Exports. Does the country face a trade deficit or surplus or neither? b. Calculate the Gross Domestic Product (GDP). c Caleulate the National Income (NI) d. Caleulate Corporate Profits e. Calculate the Net private domestic investment.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 3.6P

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