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 370 115 190 90 40 60 -45
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- BTU, draw a diagram to illustrate how the develop- c. As a percent of total exports, rank the states in orda b. Calculate the growth in exports from 2002 to 2012 156 I PART 2 SUPPLY AND DEMAND C. Assuming natural gas prices in Europe are $6.00 per BTU, draw a diagram to illustrate how the develop- ment of a natural gas terminal in the United States will affect supply and demand in the natural gas market for Europe. Explain your findings. d. How will the exporting of natural gas from the United States to Europe affect consumers and pro0- ducers in both places? Note that most of the natural gas in Europe originates from Russia's state-owned natural gas company, Gazprom. Access the Discovering Data exercise for Chapter 5 online to answer the following 3. questions. a. Rank the states in order of exports to China. Rank in order of most to fewest exports. for each state. of most to least exports to Chinoexplain four reason why is tax important for a countryWhat is the old taxation of the Philippines?
- Complete the remaining columns of the following table by indicating the effect of the same-sized tax on textile consumption. Before Tariff or Tax Under Tariff Under Consumption Tax After Change After Change Consumer Surplus A+B+C+D+E+FA+B+C+D+E+F A+BA+B −(C+D+E+F)−C+D+E+F Producer Surplus GG C+GC+G +C+C Government Revenue None EE +E+E Total Surplus A+B+C+D+E+F+GA+B+C+D+E+F+G A+B+C+E+GA+B+C+E+G −(D+F)−D+F Compared to the tariff, the consumption tax raisesless revenue for the government and hasa larger deadweightprice supply domestic price- $35 import price + tarif $20 demand 100 300 500 650 850 quantity Based on the graph above, if there is a tariff of $15 per unit imposed on imports in this market: A. 750 units will be imported and tariff revenue to the government will be $11.250 B. 650 units will be imported and tariff revenue to the government will be $9,75O C. 350 units will be imported and tariff revenue to the government will be $5.250 D. 300 units will be imported and tariff revenue to the government will be $4,500Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?
- Domestic Supply $10 ALB $8 C $6 DE F World P Domestic D 20 30 35 40 50 Q (millions of towels) Consider the economy depicted in the graph and assume there is international trado. If the govermment imposed a taniff of $2, what will its total revenue be? O A+B O E-F CO None of the above D+G P.How to solve a tax incidence? note: 1. please provide basic or simple examples for easy understanding and step-by-step solution 2. relate philippine currency examples(1) Define import quota with example and graph. (2) What is the impact of price difference between local price and world price. Explain with example amd graphs. Also do the algebric calculations to prove it.
- Refer to the information in the followina table and answer questions 15 to 18. Quantity demanded domestically 15000 Price Quantity supplied domestically $ 20 20000 17500 20000 22500 25000 17 14 11 8 17500 15000 12500 10000 15 If the market were closed to the international trade, the revenue earned by the domestic producers will be:... 16 If the market was open to international trade and the world price was $11, total revenue of the international trade will be:...... 17 Assume world price $14 includes a tariff of $3 per product. Net revenue of the foreign suppliers after tariff will be:.. 18 At the world price $11 which includes tariff of $3 per product, quota of 10000 imported items will enable the government to get $30000 as tariff revenue if tariff duty is abolished. Do you agree? Why?1. If a company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced, there is an ____demand and price can be expected to _. 2. Russia was affected by a significant draught. Russia is a major producer and exporter of several agricultural commodities. As a result of the draught, Russia reduced some of its agricultural exports. In the context of the world supply/demand model for the affected agricultural commodities we should observe: supply and ______demand. Explain the answerWhat are the demand management policies that have been taken by the Indian Government.