Answer the next question on the basis of the following data. All figures are in billions of dollars. Gross investment $ 18 National income 100 Net exports. 2 Personal income 85 Personal consumption expenditures 70 Saving Government purchases 20 Net domestic product 105 Statistical discrepancy Consumption of fixed capital is O $5. $10. $20. O $30. 0000
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- The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment $2,300 Depreciation $1,987 Exports $3,120 Imports $200 Government purchases of goods and services $4,521 Personal consumption expenditures $6,300 Indirect business taxes and misc. items $1,341 Income received from other countries $1,118 Income paid to other countries $1,022 Compensation of employees (wages) $8,174 Corporate profits $1,895 Rental income $365 Net interest $903 Proprietors’ income $1,343 If you calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners (i.e., using the expenditure approach), GDP for this economy is billion. Given this information, the statistical discrepancy between national income and net national product, obtained when GDP is measured using the expenditure approach, is billion.How does U.S. gross domestic product (GDP) differ from U.S. gross national product (GNP)? Select one: a. GNP = GDP - losses from depreciation b. GNP = GDP - depreciation - retained earnings c. GNP = GDP + transfer payments to households +- indirect sales taxes d. GNP = GDP + income earned by U.S. citizens abroad - income that foreign citizens earned in the U.S.macroeconomics Use the following data to answer the questions below. All figures are in billions. 田 Proprietor's Income Net Exports 66 22 Dividends 32 Wages and Salaries Taxes on Production and Imports Undistributed Corporate Profits Personal Saving Consumption Receipts of factor income Payments of factor income Transfer Payments 446 36 42 40 490 20 12 24 Rent 28 Depreciation Social Security Contributions Interest 54 40 26 Personal Taxes 52 Corporate Income Taxes Corporate Profits Government Purchases 38 112 144 Net Private Domestic Investment 66 A. Calculate GDP by both the expenditures and the income approaches. B. Calculate NDP. C. Calculate NI in two ways. D. Calculate PI from NI E. Calculate DI and Personal saving rate.
- All numbers are in billions of dollars. Consumption $2,290.0 Investment 800.6 Government purchases 850.6 Net exports 178.2 Capital consumption allowance 607.6 Indirect business taxes 423.6 Statistical discrepancy 8.8 Social Security insurance taxes 423.0 Transfer payments 911.2 Undistributed profits 182.0 Corporate profits taxes 155.4 Personal taxes 680.0 Dividends 0.0 Compensation of employees 1600.0 Income earned from the rest of the world 100.0 Income earned by the rest of the world 112.0 Proprietors’ income 800.0 Rental income 290.0 Net interest 46.0. calculate the GDP at market rice and factor costCalculate the value of consumption of fixed capital National income = $4000 GDPMP = $5000 Net indirect tax = $300 Net factor income from abroad = $200 All values are in millionThe following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world 50.00 National Income 1,960.00 Inventory Adjustment Personal Consumption Expenditure 0.00 1,400.00 Depreciation 60.00 Exports 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 70.00 200.00 0.00 Imports 220.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)
- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: 21.43 14.34 5.08 United China Japan States b. Russia? % larger Copyright © McGraw Hill LLC. Permission required for reproduction or display. GROSS DOMESTIC PRODUCT (in U.S. $ trillion) % larger 3.86 2.87 2.83 1.70 1.27 Germany India Great Britain Russia Mexico Source: Gross Domestic Product 2020. The World Bank Group, March 2021 0.53 Sweden Instructions: Round your responses to the nearest whole number. a. Germany? 0.21 Greece 0.01 HaitiThe following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment $2,200 Depreciation $1,887 Exports $2,820 Imports $300 Government purchases of goods and services $4,421 Personal consumption expenditures $6,200 Indirect business taxes and misc. items $1,241 Income received from other countries $1,018 Income paid to other countries $922 Compensation of employees (wages) $8,074 Corporate profits $1,795 Rental income $265 Net interest $803 Proprietors' income $1,243The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,154.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,540.00 Depreciation 66.00 Exports 132.00 Nonresidential Investment 220.00 Receipts of Factor Income from the Rest of the World 70.00 Government Transfer Payment 200.00 Statistical Discrepancy 0.00 Imports 242.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.)
- Given the following natinonal data all figure in billion. Gross domestic product.............6145 Payments to Tanzania who empoly resources......126 Payments to foreign owned resources employed in Tanzania...........177 Capital consumption allowance.......... 661 Indirect business taxes and subsidies.......579 Government transfer payment............... 884 Undistributed corporate profit and corporate income tax....................... ....561 Individual taxes and non tax payments..................655 Compute 1.Gross national product at market price 2.Net national product at market price 3.personal income 4.Disposable incomeThe national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right. Calculate GDP (expenditure approach) and depreciation. GDP (expenditure approach) is $ 7250. Depreciation is $ C Item GDP (income approach) Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure Wages Net factor income from abroad Net exports (dollars) 7,050 7,300 700 230 160 190 6,000 100 - 400Hello. Can you please assist on the follwing question below. You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow: National income Accounting Total in uhuru for 2020 Consumption 86 495 Gross capital formation 9 897 Government spending 12 458 Net exports 8 891 Primary income payments to the rest of the world 2 154 Primary income receipts 924 Consumption of fixed capital 165 Subsidies 325 Taxes 467 Q.1 Calculate the gross domestic product (GDP) at market prices for Uhuru in 2020. Q.2 Calculate the net domestic product at market prices for Uhuru in 2020. Q.3 Calculate the net national product at factor cost for Uhuru for 2020.
