1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI,NNP, GNP, and GDPDepreciationAmount of national income not going to householdsCompensation of employeesCorporate profitsDividendsExportsGovernment consumption and gross investmentImportsIndirect taxes minus subsidiesNet business transfer paymentsNet interestNet private domestic investmentPersonal consumption expendituresReceipts of factor income from the rest of the worldPersonal income taxesProprietors' incomePayments of factor income to the rest of the worldRental incomeStatistical discrepancySurplus of government enterprises3.12,5322005 489.42006 505.7 12,7462007 526.713,0112008 553.0 13,2752009 565.8 13,5032010 563.12011 553.5 13,7571,215The following table provides information about Canadian economy for a seven-yearperiod, given 2006 is the base year.Year Real GDP Labor force Unemployed Employed Unemployment Population(Billions) (Thousands) (Thousands) (Thousands)Rate(millions)(%)10.4611,0311,0181,1091,41711,2211055112,48512,57212,3401,4071614913343314737112424901,377223921684321-15989.5328.8397.5398.10625.225.325.625.926.226.627.0A. Fill in the missing values in the table.B. Calculate the percentage change in real GDP between 2007 and 2008. Compare this valuewith the percentage change in employment in this period. Do the same analysis for thetwo-year period 2010-11.C. Does there appear to be a positive or negative relationship between real GDP andemployment for these two periods.D. Between 2009 and 2010 the unemployment rate increased while employment increased.How is this possible?E. Calculate the value of real GDP per capita for 2005 and 2011.

Gross domestic product is the final combination of goods and services in a country. GDP is an…

1. 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 105 51 1,407 161 49 133 433 147 371 12 42 490 1,377 22 392 168 43 21 -15 98

1. 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 105 51 1,407 161 49 133 433 147 371 12 42 490 1,377 22 392 168 43 21 -15 98

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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