Given the following information:a. Transfer Payments = $54%3Db. Interest Income (i) = $150%3Dc. Depreciation = $36%3Dd. Wages (W) = $67e. Gross Private Investment = $124f. Business Profits (PR) = $200%3Dg. Indirect Taxes = $74h. Rental Income (R) =$75i. Net Exports = $18%3Dj. Net Foreign Factor Income = $12%3Dk. Government Purchases = $156I. Household Consumption = $304Calculate GDP at MP, GDP at FC using the two approaches and NNP atFC.

Nation Income or GDP at Market price Gross private investment = 124 Net export =18 Government…

Given the following information: a. Transfer Payments = $54 %3D b. Interest Income (i) = $150 c. Depreciation = $36 %3D d. Wages (W) = $67 e. Gross Private Investment = $124 f. Business Profits (PR) = $200 g. Indirect Taxes = $74 %3D h. Rental Income (R) =$75 i. Net Exports = $18 %3D j. Net Foreign Factor Income = $12 %3D k. Government Purchases = $156 I. Household Consumption = $304 Calculate GDP at MP, GDP at FC using the two approaches and NNP at FC.

Given the following information: a. Transfer Payments = $54 %3D b. Interest Income (i) = $150 c. Depreciation = $36 %3D d. Wages (W) = $67 e. Gross Private Investment = $124 f. Business Profits (PR) = $200 g. Indirect Taxes = $74 %3D h. Rental Income (R) =$75 i. Net Exports = $18 %3D j. Net Foreign Factor Income = $12 %3D k. Government Purchases = $156 I. Household Consumption = $304 Calculate GDP at MP, GDP at FC using the two approaches and NNP at FC.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

6. Gross private domestic investment (Ig) vs. net private domestic investment (In)? I Gross private domestic investment (Ig) (plus, minus, multiply by, divide by) depreciation is net private domestic investment (In). That is, In = Ig – Depreciation. (D_ of all the physical capital-machines, equipment, buildings-used up in producing the year's output. is the value The difference between gross domestic product (GDP) and net domestic product (NDP) is the value of the c_ net ) private investment expenditures. NDP includes (gross, net ) private investment expenditures after the depreciation allowance has been subtracted from gross investment. NDP is simply GDP adjusted for d_ the expenditures approach, net private domestic investment (In) measures of investment spending would be appropriate. off_ or depreciation allowance. GDP includes (gross. If you were to determine net domestic product (NDP) through
6. Gross private domestic investment (Ig) vs. net private domestic investment (In)? Gross private domestic investment (Ig) (plus, minus, multiply by, divide by ) depreciation is net private domestic investment (In). That is, In = Ig – Depreciation. Depreciation ) is the value of all the physical capital-machines, equipment, buildings-used up in producing the year's output. The difference between gross domestic product (GDP) and net domestic product (NDP) is the value of the consumption of fixed capital or depreciation allowance. GDP includes (gross, net ) private investment expenditures. NDP includes (gross. net ) private investment expenditures after the depreciation allowance has been subtracted from gross investment. NDP is simply GDP adjusted for d expenditures approach, net private domestic investment (In) measures of investment spending would be appropriate. If you were to determine net domestic product (NDP) through the
b) Based on the information given in the table below, calculate the value of Net Domestic Product (NDP) of Country X. ITEM $(millions) Household Consumption 2,780 Depreciation of capital goods 365 Factor income received from abroad 580 Government investment 824 Exports 663 Imports 790 Factor income paid to abroad 525 Gross private domestic investment 894 Government Consumption 347 Transfer Payments 1,109 c) What is the difference between 'flow' and 'stock'? d) Explain three shortcomings of using GDP to measure the size of the economy.
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 1,080 645 710
Michael is an Internet service provider. On December 31, 2009, he bought an existing business with servers and a building worth $400,000. During his first year of operation, his business grew and he bought new servers for $500,000. The market value of some of his older servers fell by $100,000. What was Michael’s: (i) gross investment during 2010 (ii) depreciation during 2010 (iii) net investment during 2010 (iv) capital at the end of 2010
3) The value for net exports in billions of dollars is A) -200. B)-150 C) 50. D) 250. 4) The value for gross domestic product in billions of dollars is A) 2,900. B) 3140 C) 3,440. D) 3,650.
Q.8. Calculate Sales from the following: Items R in lakhs) (i) Net Value added at FC 300 (ii) Net Addition to stocks (-)20 (iii) Sales tax 30 (iv) Depreciation (v) Intermediate Consumption (vi) Subsidy 10 100 LC
Household saving = $200, Business Saving = $400, Government Purchases = $100, Government transfer & interest payments = $100, tax revenue = $150, GDP = $2,200. What is the National savings rate? a.) 100% b.) 75% c.) 50% d.) 25%
16 - Which of the following is the production value of a Turkish artisan who produces bread in Karabük? a) GDP B) net national income C) GDP D) GDP vs. GNP TO) Added Value
(2) Your paycheque for the year is higher this year than last year. Does that mean that your real income has increased?
Excluding indirect business taxes and depreciation, Gross Domestic Income (GDI) Select one: a. never equals GDP. b. would equal GDP if there was no depreciation. c. is the sum of all income paid to the factors of production. d. cannot be computed.
d. Does the total flow of money out of households- the sum of taxes paid, consumer spending, and private savings-equal the total flow of money into households? e. How does the government finance its spending?