Refer to the information provided in the table at right to answer the question that follows. The value for personal income in billions of dollars is OA. 890. B. 870. OC. 960. OD. 950. Depreciation Receipts of factor income from rest of world Government purchases Imports Payments of factor income to rest of world Net private domestic investment Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households $Billions 40 30 100 50 50 200 120 600 20 60 20
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- Referto the information provided in Table below to answer the questions that Billions Receipts of factor income from the rest of the world 20 Depreciation Government purchases Imports Payments of factor income to the rest of the world 30 90 40 40 150 90 500 Net private domestic investment Personal taxes Personal consumption expenditures Dividends Exports Amount of national income not going to 10 60 30 households 1- The value for GDP in billions of dollars 2- The value for GNP in billions of dollars 3- The value for NNP in billions of dollars 4- The value for national income in billions of dollars 5- The value for disposable personal income in billions of dollarsRefer to the information provided in Table Table $Billions 40 Depredation Receipts of factor income from the rest of the world Government purchases Imports Pay ments of factor income to the rest of the world Net private domestic investment Personal income taxes 30 100 50 50 200 120 Personal consumption expenditures 600 Dividends 20 60 Exports Amount of national income not going to households 20 Refer to Table] The value for NNP in billions of dollars is Select one: a. 970 b. 940. C. 910. Wihdos 890.Refer to the information provided in Table Table $Billions 40 Depredation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 30 100 50 50 200 120 Personal consumption expenditures Dividends 600 20 Exports Amount of national income not going to households 60 20 Refer to Table The value for personal income in billions of dollars is Select one: a. 960. b. 950. Vindows bu c. 870. d. 890.
- Refer to the information provided in Table Depreciation Receipts of factor income from the rest of the world Government purchases Table Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households Select one: O O O Refer to Table The value for national income in billions of dollars is a. 940. b. 970. c. 890. d. 910 $Billions 40 30 100 50 50 200 120 600 20 60 20Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…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
- Refer to the information provided in Table Table $Billions 625 Compensation of employees Proprietors' income Corporate profit 70 50 Net interest 40 Rent al income 15 Deprecation Indirect taxes 90 35 Direct taxes 60 Subsidies 10 Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 25 20 If GNP is $625 billion and depreciation is $125 billion, then net national product is Select one: a. $750 billion b. $500 billion C. $700 billion d. $5 billionThe table below shows national income and imports. The level of exports is fixed at $350. All figures are in millions of dollars. Imports (IM) Net Exports (NX) 290 a 330 b 370 410 Income (Y) 1,800 3,300 4,800 6,300 On a graph of the net export function for this economy, at what level of Y would the NX function intersect the horizontal axis? A. at $0 B. at $4,050 C. at $4,800 D. at $1,800 E. at $6,300 с dm2 14 17 62 0000 BV BY HI AY AS HY BY BY BY W S X 43 Use the table below: E Government 50 spending Social Security Contributions Corporate taxes Personal income taxes Rent Wages D Gross Private Domestic Investment Consumption 250 expenditures $ 4 8 R F % 5 20 9 PA 5 8 T 54 40 GDI-Wages + Interest Rent Profit Indirect Business Taxes + Depreciation Gross Domestic Product (GDP). A 6 4 IN Y C V B Profit Indirect business taxes Imports Exports G H & 49 Interest Depreciation 10 7 Government 8 transfer payments 190 U N 00. 8 28 J 10 W - 5 3 ing M 4 9 K 81 0 V F -0 1 L 4 P > . ; P PM X { 14 2
- Spring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next pageAssume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 701. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…