5. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services Gross national product (GNP) = 200 Current account balance = -20 = 30 %3D Taxes = 60 Government transfer payments to the domestic private sector = 25 %3D Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 %3D Factor payments made to rest of world Find the following, assuming that government invest- ment is zero: a. Consumption b. Net exports c. GDP

5. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services Gross national product (GNP) = 200 Current account balance = -20 = 30 %3D Taxes = 60 Government transfer payments to the domestic private sector = 25 %3D Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 %3D Factor payments made to rest of world Find the following, assuming that government invest- ment is zero: a. Consumption b. Net exports c. GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the table given. Personal consumption expenditures in billions of TL are ... TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 1000 500 30 650 50 300 40 200 600 50 200 900 1400 1600 1100
7.Q Below is a list of domestic output and national income figures for a given year. All figures a billions. The questions that follow ask you to determine the major national income meast both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes $243 4 27 43 33 26 Government purchases Net private domestic investment Personal saving a. Gross private domestic investment (Ig) is = $ 72 33 20 b. Net Exports (Xn) is: $ c. GDP by the expenditure approach =C+ Ig + G+ Xn= $ d. NDP: $_ e. NI by making the required additions and subtractions from GDP is: $
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