When government statisticians gather and analyze data on the incomo of varQus agents in the demostic eero moasuringIGOP uning theO A. expenditure-based accounting methodOB. production-based accounting method.OC. circular flow based accounting method.O D. income-based accounting method.The national income accounting identity associated with the expenditure-based accounting method is represented byO A. Y C+1+G+M-XOB. Y=X-M+1+GOC. Y C+1+G+XOD. C Y+ 1+G+M-XOE Y C+1G+X-MClick to select your answer.

Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

When government statisticians gather and analyze data on the incomo of various thie dom ffoy are moasung GDP uning the O A. expenditure based accounting method OB. production-based accounting method. OC. Circular fiow-based accounting method O D. income based accounting method. The national income accounting identity associated with the expenditure-based accountng method is represented by OA Y-C++G+M-X OB. Y=X-M+1+G OC. Y C++G+X OD. C=Y+1+G+M-X OE Y C+ G+X- M

When government statisticians gather and analyze data on the incomo of various thie dom ffoy are moasung GDP uning the O A. expenditure based accounting method OB. production-based accounting method. OC. Circular fiow-based accounting method O D. income based accounting method. The national income accounting identity associated with the expenditure-based accountng method is represented by OA Y-C++G+M-X OB. Y=X-M+1+G OC. Y C++G+X OD. C=Y+1+G+M-X OE Y C+ G+X- M

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 1P

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qiven the following aggregeete demand (mD) and Veiggregaté suppry Sns sahedules, ck$ Price level SA) sahedules. Real GDP benan ded Real GDP SUPPPIZED- -Short Ryn 70 80 90 450 400 350 350 400 450 500 100 300 110 250 550 4 potential RGAP is 450 units of us$. a) íf re Aemand Inereases by Us$100. Draw show the new equilibrium Valaues on the Same and graphandfund the new equilisrium. Give possible e this inerease in AD. seplanation for 1alrease in AD. One
One day, Barry the Barber, Inc., collects $400 forhaircuts. Over this day, his equipment depreciates invalue by $50. Of the remaining $350, Barry sends $30to the government in sales taxes, takes home $220 inwages, and retains $100 in his business to add newequipment in the future. From the $220 that Barrytakes home, he pays $70 in income taxes. Based onthis information, compute Barry’s contribution to thefollowing measures of income.a. gross domestic productb. net national productc. national incomed. personal incomee. disposable personal income
National Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal Income
In the GDP equation, business spending is referred to as: O Consumption Investment O Government O Net Exports
Real Disp. Consmp. Income Spending Saving Invst Plnd Plnd Govt Net Plnd Exp. Export Exp. 10.8 GDP Tax 10 6.8 1.2 1.5 2 0.5 11 7.6 1.4 1.5 0.5 11.6 12 10 8.4 1.6 1.5 2 0.5 12.4 13 2 11 9.2 1.8 1.5 2 0.5 13.2 14 12 10.0 2.0 1.5 0.5 14.0 15 13 10.8 2.2 1.5 0.5 148 16 14 11.6 2.4 1.5 2 0.5 15.6 Note: Amounts in billions. Refer to the above table. The equilibrium real GDP is $15 billion. $14 billion. $13 billion. $12 billion.
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3. help pls pls
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