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Given a = 675, b = 0.2, Io = 375, Go = 150, Mo = 200 and m =0.4, find the equilibrium level of
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- Calculate GNP at MP if:- GDP at MP = $5500 Net factor income from abroad = $2200A Nova Scotia Company is trying to successfully enter the cranberry market in Australia. What is the GNP or GDP for entry country (Australia), Is it growing? What is the per capita income? What is the average family income? What are the income classes and distribution?Does Australia have unexploited or underused resources that can affect future wealth?Given that a=270,b=0.8,I=150, and G=60.Find the equilibrium level of national income.
- Over the years, as the US has passed from an industrial to a service economy, have US national income accounting calculations changed?Differentiate between the production approach and income approach to the measurement of national income. Write the pros and cons of each method.The 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.)
- Assume that GDP at market price is 650 million, factor income received from abroad is 180 million, factor income paid to abroad is 140 million. Determine the GNP at market price? 690 780 890 None of the given choicesIf GDP is £500 billion, receipts of factor income from the rest of the world are £25 billion, and payments of factor income to the rest of the world are £10 billion, then GNP is: a) £515 billion b) £535 billion c) £485 billion d) £465 billionThe 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 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 1100 100 50 160 70 220 -10 130 780 320 99 160
- In the table below compute the level of equilibrium national income (Y) for each of the values of P. For example, when P2, AE = 6000+ 0.6Y. Thus the equilibrium level of Y is such that Y = 6000+ 0.6Y0.6Y, which implies Y = 15000. (Round your responses to the nearest whole number.)Given the model for the Mary Island economy calculate the equilibrium level of income. Show your work. C = 100 + .7Yd G = 700 T = 500 I = 200Consumption $400 Imports $ 10 Net investment $ 20 Government purchases $ 100 Exports $ 20 Capital consumption allowance $ 20 Statistical discrepancy $ 6 Receipts of factor income from the rest of the world $ 10 Payments of the factor income to the rest of the world $ 13 What is the GDP for this economy? What is the GNP for this economy? What is the NNP for this economy? What is the national income for this economy? What is the gross investment in for this economy?
