Consider the following table: GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments National income (NI) equals $11800 billion. (Enter your response as an integer.) Personal income (PI) equals $ billion. (Enter your response as an integer.) Billions of dollars $13,200 1,400 1,250 700 1,000
Q: Three coworkers work for the same employer. Their jobs are warehouse manager, office manager, and…
A: To calculate:The annual salary of each of the co-workers.
Q: Consider the non-linear aggregate consumption function: C = 0.05Y²+ Y + 80 (Where, C = aggregate…
A: Elasticity of consumption is given as
Q: What is the capitalized cost of the machine with an initial cost of P250,000 maintenance cost of…
A: This can be described as the power of the currency. In simple words, it can be defined as how many…
Q: IMF loan condition and challenges in Bangladesh. Please write this in 1500 word. Also include the…
A: This paper explores the International Monetary Fund (IMF) loan conditions imposed on Bangladesh and…
Q: Since 2009, how much has been borrowed through the federal funds market?
A: A central bank is a financial institution that manages the currency, money supply, and monetary…
Q: What is the capitalized cost of the machine with an initial cost of P250,000 maintenance cost of…
A: The capitalized cost of a project or investment is calculated as its present value. Present value…
Q: Explain fully why the AD curve has a negative slope. Use graphs to illustrate.
A: Aggregate Demand (AD): Aggregate demand refers to the total quantity of goods and services demanded…
Q: The production function expressed in the table below represents the amount of hot dogs Hot Dog on a…
A: Marginal product refers to the additional output or production that is generated by using one…
Q: Which of the following is NOT a factor of production? The effort of farmers raising cows for milk.…
A: Factors of production: Economists have categorized economic resources into four distinct groups,…
Q: a. What are the profit-maximizing prices and quantities for the New York and Los Angeles markets?…
A: For profit maximisations, the firms aim to maximise the profits, which are calculated by subtracting…
Q: Q2. Assume that the demand curve D(p) given below is the market demand for widgets: Q=D(p)=1307−11p,…
A: Demand is amount of a good that consumers are willing and able to purchase at different prices.…
Q: the computer, which will reduce the result of the property being an infringement. A con from…
A: It can be defined as the rules and restrictions imposed by the government to hinder the flow of…
Q: True or False: The law of diminishing marginal utility explains why short run production costs…
A: Law of Diminishing Marginal Utility states that as a consumer consumes more and more of a good or…
Q: The Bureau of Indian Affairs provides various services to American Indians and Alaska Natives. The…
A: Present worth is the theory that explains an amount of money today is worth greater than that same…
Q: The figure provided shows the market for calculators. Price of calculators $45 40 30 20 10 5 world…
A: Consumer surplus is the area below the demand curve and above the price level. Price level shows the…
Q: What will be the break-even quantity, if the shop sold all the quantities what will be the profit or…
A: Break-even quantity is the quantity at which total costs and total revenue are equal.
Q: Describe in detail why a project with a Present Worth (PW) equal to or greater than zero is…
A: The Present Worth (PW) of a project, also known as the Present Value (PV) or Net Present Value…
Q: According to the table, what is the consumer equilibrium for a $6 budget if the price of red peppers…
A: Marginal utility means that measures the additional satisfaction or benefit derived from consuming…
Q: Hadison's profit is maximized when they produce a total of rompers. At this quantity, the marginal…
A: Total Revenue (TR) is a business's overall income from the sale of its products or services. By…
Q: Player 1 Up Middle Down Left P1:$23 P2:$23 P1:$34 P2:$21 P1:$32 P2:$35 Player 2 Middle P1:$6 P2:$23…
A: Nash equilibrium is the point of a game corresponding to which each participant optimizes his…
Q: An economy in which production is done by primarily by the private sector while government regulates…
A: Mixed economy: A mixed economy is an economy system that combines elements of both a market economy…
Q: Consider a profit-maximizing firm producing a differentiated product in a competitive market. The…
A: Demand functionP=90-0.015QMR=90-0.03QMC=30+0.01QFixed cost=70000MC=30+0.01QAVC=30-0.005Q
Q: Is the statement true/false/uncertain - The fact that there are many theories of the current account…
A: The current account is a component of a country’s balance of payments. It records a nation’s…
Q: According to the eTextbook, What does supply chain effectiveness primarily focus on? O Optimizing…
A: It can be defined as a network of organizations, individuals, or any entity which includes different…
Q: The macroeconomic research department of a large investment bank uses the arbitrage pricing theory…
A: The concept of expected return on the equity market refers to the anticipated average rate of return…
Q: 20 0 0 1 2 3 4 5 8 6 7 QUANTITY (Hundreds of medium trucks) Suppose that SendIt is one of over a…
A: A competitive firm is one of many firms selling identical firms. The competitive firm is a price…
Q: A consumer's utility function is given by u(x, 1' with MU=x₂ and MU where x, and x, denote the…
A:
Q: (a) How many units of product X will be purchased at point B? Please explain. (b) How many units…
A: A consumption bundle represents a basket of combinations of goods and services that people want to…
Q: To what does the “GDP gap” refer? Group of answer choices The difference between real GDP in…
A: The "GDP gap" is an economic term that refers to a specific measure used to assess the state of an…
Q: An economist estimates the value of a nature preserve by calculating the price premium people pay…
A: Economic valuations are based on individual preferences, how a person values an object, the needs,…
Q: Jenny takes a day off from work today in order to go Motor Vehicles and take her driver's license…
A: Opportunity cost refers to the value of the next best alternative that is forgone when making a…
Q: Which of the following questions is a macroeconomic issue?
A: Macroeconomic issues are concerned with the overall performance of the economy, such as economic…
Q: The graph below illustrates the private costs and benefits of producing Trisenian, a new miracle…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
Q: Economics is primarily concerned with the study of: Production and distribution of goods in a world…
A: Economics is the investigation of how societies produce and disperse goods and services in a world…
Q: A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) =…
A: "As per policy I am providing answer for the first three subparts. Kindly repost this question again…
Q: Given, price functions for quantity supplied, Qs and quantity demanded Qd: P = 40 - 2Qd p = 10 +…
A: Demand is amount of a good that consumers are willing and able to purchase at different…
Q: Listen to thisLinks to an external site. podcast about the market for human organs.…
A: Market equilibrium quantity and price is determined where market demand and the market supply is in…
Q: Please no written by hand and no emage Which of the following is correct about the short-run…
A: Average total cost ATC is equal to total cost divided by level of output Q.ATC = TC/QMarginal cost…
Q: Video Link: https://youtu.be/SG8DCgjkGzY The opening of the video, Global Mind: The Future of…
A: The expression "globalization" was first used by economist and Harvard Business School instructor…
Q: Which of these best represent a planned approach and which best represent a market approach? Planned…
A: The market approach determines the value of an asset based on the market selling price of assets…
Q: Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of…
A: Projected popular population refers to the estimated or forecasted population of the city of…
Q: Where is the consumer's new solution if the consumer's preferences are homothetic?
A: All commodity bundles that provide the same amount of utility after consumption are referred to as…
Q: Given above are some of the indifference curves for a student who consumes Burritos and Pizzas and…
A: The utility function refers to all those commodity bundles that derive the same amount of utility…
Q: In Vistulaland a closed economy with government and in long-run equilibrium, the governme decided to…
A: The AD-AS model shows the relationship between AD and AS. The AD curve highlights total economic…
Q: Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2…
A: The relative outputs of farming and manufacturing industries.
Q: The law of demand states that, other things equal, when the price of a good rises, the quantity…
A: Demand refers to the quantity of a good or service that a consumer is willing and able to buy at a…
Q: QUESTION 7 A shoes factory has a production capacity of 9000 units per month. The fixed and variable…
A: Business economics is the execution of economic ideas and argumentation to the analysis and…
Q: (i). Use the graph to explain national output equilibrium stability (ii).Show and explain using the…
A: Aggregate demand refers to the total demand for goods and services in an economy at a given price…
Q: Which of the following is an example of a topic studied in macroeconomics? The costs of production…
A: Macroeconomics is a branch of economics that studies the behavior, performance, and structure of an…
Q: Question 2 (1 point) Listen Given the information in the following table for the economy of Albas: Y…
A: The consumption function denotes a formula through which the relationship between the income of a…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- The following table shows the national income data for an economy in year 2020. ITEMS Dividends Interest on government loan Undistributed profit Gross interest Subsidies Corporate income taxes interest on consumer loan Indirect taxes Gross Domestic Product at factor cost Depreciation Wages and salaries Rent Corporate income before taxes You are required to calculate: (a) net interest. (b) corporate profit. (c) National Income. (d) Gross National Product at factor cost. Net factor income from abroad. RM (Million) 160 100 125 990 120 180 90 160 4,370 250 1,080 645 710Daniela had a gross income of $91,369 in 2010. What was her net income in 2010? Use the income tax table below to answer the question. 2010 Federal Income Tax Brackets and Tax Rates (Canada) Tax Brackets Tax Rates 15% of taxable income less than or equal to $40,970; plus 22% of taxable income greater $40,970 to $81,941 than $40,970 and less than or equal to $81,941; plus $40,970 or less 26% of taxable income greater $81,941 to $127,021 than $81,941 and less than or equal to $127,021; plus More than $127,021 29% of taxable income greater than $127,021The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the missing data. Remember to enter a minus (-) sign to indicate negative values. Expenditures Consumption Gross investment Government spending Net exports Gross domestic product at market prices 100 Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/- net foreign factor income Net national product at basic prices 320 350 30 260 50 160 70 1100 220 100 -10 780 320 06 160 130
- a) Place the numbers below in the appropriate blanks in the figure above (billions of dollars) Personal Consumption Rents Interest Corporate Profits Gross Investment Government Purchases Wages Imports Exports Savings Depreciation Taxes $2,582 14 287 297 669 815 2,347 178 100 2,082 582 500 (i) Net Exports (ii) Total Leakages (iii) Personal Income (iv) Personal Disposable IncomeNational income accounting for a certain country in the year for 2020 is given in Table 2. Based on the table, answer the following questions. Amount in $ (million) 180 8,120 3,800 1,320 4,230 12,000 10,120 12,100 8,000 3,120 3,240 Items Net factor income Consumption expenditure Public investments Import Export Government expenditure Wages Interest, rent and profit Indirect taxes Subsidies Depreciation a) By using expenditure approach, calculate Gross Domestic Product (GDP) at market price. b) By using income approach, calculate Gross Domestic Product 9GDP) at market price. c) Based on your understanding on Gross Domestic Product (GDP), explain why do you think that GDP Ís important, and what is the limitation of GDP?Consider the following table: GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments National income (NI) equals $ Personal income (PI) equals $ Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.) billion. (Enter your response as an integer.) billion. (Enter your response as an integer.) Billions of dollars $13,300 1,500 1,250 600 1,000
- Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Billions 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 $ 224.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 Personal taxes 40.5 Net foreign factor income Personal consumption expenditures Statistical discrepancy 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ 373.7 billion in b. NDP = $ 376.3 billion c. NI = $ 378.5 billionThe difference between personal income and disposable income is: savings personal taxes corporate taxes none of the aboveQuestion 4Select the information you need from the following figures and calculate the nationalincome for the year shown:Government Spending R18 000Depreciation R6 000Investment spending R35 000Net foreign spending R12 000Indirect taxes R14 500Net factor payments (R4 000)Consumer spending R30 000Subsidies R4 000
- Real-Time Data Analysis Exercise* Consider the data below for federal budget receipts, federal budget spending, and GDP in the U.S. Calculate the federal budget surplus or deficit as a percentage of GDP for each year. (Enter your responses rounded to two decimal places and include a minus sign for a deficit.) Federal Federal Budget Receipts (billions of dollars per (billions of dollars (billions of dollars per year, Government Spending Real GDP Federal Surplus or Deficit in constant 2005 dollars) as a percentage of GDP (%) Year year) per year) 2016 3,268 3,853 18.745 % 2017 3.316 3.982 19,543 % 2018 3.330 4,109 20.612 1% 2019 3.462 4,447 21.433 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.The Reliable Aircraft Company manufactures small, pleasure-use aircraft. Based on past experience, sales volume appears to be affected by changes in the price of the planes and by the state of the economy as measured by consumers' disposable personal income. The following data pertaining to Reliable's aircraft sales, selling prices, and consumers' personal income were collected: Year AIRCRAFT SALES AVERAGE PRICE DISPOSABLE PERSONAL INCOME 2006 525 $17,200 $610 2007 450 8,000 610 2008 400 8,000 590 Present your results in the form of a short report (maximum 1500 words) with the following elements: 1- A brief introduction to report. This should include an indication of the form of the model used, including the expected signs of the coefficients for each variable (use quality academic resources in this area, why do you think these factors affect the den 2- An analysis of each variable in the model. This should include: function). An interpretation of each estimated coefficient A…Q3: Without doing additional calculations, explain what would happen to the shape of the Lorenz curve and inequality in 2012 if households in and below the 15th percentile received cash transfers from the government.