Q: 4. DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and…
A: Total revenue is the full amount of total sales of goods and services. It is calculated by…
Q: Economic In Nashville, a farmer takes $200 worth of inputs and produces wheat, which he sells to the…
A: GDP is the total of the cost of production so now we can find the answer as follow-
Q: xplain THREE (3) difficulties in measuring national income?
A: National income measures the monetary value of goods and services produced in the economy.
Q: The groups who spend aggregate income are: O Households, businesses, governments and foreign sector…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 4. From the following data, calculate national income by valued added (net output) method (Rs. In…
A: Product or value added method is a way of computing the national income of a country. This system is…
Q: Consider the following table, which describes the prices and quantities of goods produced in an…
A: In the given table, price and quantity of few goods and services in given for three years in which…
Q: Calculate (a). The Gross national income at factor cost (b). Net national income
A: A) Gross National Income at factor cost -:…
Q: Participants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker…
A: This table shows different participants , different cost of materials and different values of sales…
Q: Question 3 Participants Cost of Value of Materials Sales $ 0 Farmer Cone factory $ 100 100 250 and…
A: (i) Participants Cost of material Value of sales Value-added (Value of sales-Cost of material)…
Q: 4. DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and…
A: It shows the percentage change in quantity demand due to a percentage change in price.
Q: interest payment = 15, transfer payment = 50, capital consumption = 10, indirect taxes 5, dire…
A: National income means the value of goods and services produced by a country during a financial year.…
Q: Explain the importance of GDP
A: useful info Hello. Since you have posted multiple questions and not specified which question needs…
Q: 3. The value of a 2005 boat you purchase from a boat dealer in 2007 would be counted in 2007's GDP.…
A: "GDP i.e. gross domestic product represents the market value of all the goods and services produced…
Q: In china, for 2019 the net factor income from abroad is $31000 and NDPFC is $9000 Calculate…
A: The information being given is:- Net factor income from abroad in 2019 = $31,000 NDPFC In 2019 =…
Q: 4. (1 pt) When Britney Spears married one of her dancers, what effect might it have had on national…
A: If she marries one of her dancers, then, assuming her husband does not get paid anymore (and is…
Q: Define gross national income (GNI)?
A: There are many factors to measure the economic growth and development of a country. Gross national…
Q: Explain gross national income (GNI)?
A: Gross National Income (GNI) is a widely used macroeconomic indicator. This data is often considered…
Q: Question 3 Participants Cost of Value of Materials Sales Farmer $ 0 $ 100 Cone factory 100 250 and…
A: Hi, you have asked multiple questions in this session and we are allowed to answer only one…
Q: The salary of a consumer increased from ¢90, 000 to ¢110,000, which represents his salary for 2021…
A: Given: Salary in 2021=90000 Salary in 2022=110000
Q: if national income is $600 bilion , personal income is $400 bilion , personal taxes are $120 bilion…
A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…
Q: Which of the following would NOT be included in a nation's Gross Domestic Product (GDP)? Select one:…
A: Gross domestic product (GDP) refers to total value of all final goods and services that produced…
Q: More than 4 million websites sell a combined $100 billion of pornography a year. Should these sales…
A: If the $100 billion of pornographic content is sold and purchased legally, and the transaction…
Q: Price of petrol was Rs. 60 per litre in 2015 and Rs. 100 per litre in 2021. The average wage in…
A: In an economy, purchasing power refers to the actual worth of the money that is kept with the people…
Q: A student had the following expenditures last month: rent, $500; food expense, $200, cost of a used…
A: GDP: GDP or the gross domestic product can be defined as the measurement of the final value of all…
Q: Participants Cost of Value of Materials Sales Farmer $ 0 $ 100 Cone factory 100 250 and ice…
A: In this question , we will use the value added method. In this method , we add value added in each…
Q: If Mr. Keating quits his job as a teacher to homeschool his own children, GDPa. stays the same…
A: GDP is the total sum of the economic activity inside the nation's territorial limits for a given…
Q: d. Calculate the missing information in the table 17.1. Price of Nutmeg Price of Drapes ($ per…
A: The formula for GDP Deflator is: GDP Deflator = (Nominal GDP / Real GDP) * 100
Q: What do we mean by market income? Example
A: Financial economics refers to the branch of economics that analyzes the use and distribution of…
Q: A. Calculate GDP by both the expenditures and the income approaches. B. Calculate NDP. C. Calculate…
A: As per guidelines, we will answer the first three subpart question.
Q: Calculate GNP at MP if:- GDP at MP = $5500 Net factor income from abroad = $2200
A: The data presented in the question above:- GDP at MP = $5500 Net factor income from abroad = $2200…
Q: Question: Given the following information about an economy, calculate net domestic product at factor…
A: NDPfc refers that net domestic product at factor cost means it is the addition or aggregate of…
Q: Calculate NNP at FC and personal income in the question below. GDP at FC 400 Income from domestic…
A: Use Below formula:NNP at FC = GDPFC-Depreciation +NFIANFIA = Net factor income from abroad
Q: Answer the question completely and correctly. 1. Critics charge that GNP is grossly inadequate in…
A: In economics, critics are the negative statements about a specific theory, concepts or findings by…
Q: Income Mexican citizens earn in the U.S. counts in Select one: a. Mexican GNP. O b. Mexican GDP. 01…
A: GNP refers to gross national product.
Q: Give one reason how will it would be treated in estimating national income 1)Expenditure on…
A: Generally in the given question In simple words we can say that the national income is the…
Q: A typical resident of the country of Collegia consumes a simple basket of goods, consisting of only…
A: The Consumer Price Index (CPI) is a tool to measure Inflation. It is measured on the basis of the…
Q: 1. Identify whether the following items are officially included in United States GDP or GNP.…
A: The GDP (Gross Domestic Product) calculation includes the final value of all goods and services…
Q: GDP
A: Gross Domestic Product (GDP) measures the all-final goods and services’ value produced through-out a…
Q: Why are the services of house wives not included in national income?
A: In macroeconomics, national income is a very simple definition of how much production our economy…
Q: explain how gross product is calcu expenditure approachlates using the
A: The expenditure approach of calculating GDP includes all the expenditure on the sum of all goods and…
Q: c. Calculate the National Income (NI)
A: GDP = Personal consumption + Government spending + Gross investment + Net exports = 7304 + 1973 +…
Q: 7. Why are the following not included in national income : (a) Sale of an old car; (b) Winning of a…
A: National Income refers to the measurement that provide information about the total addition of new…
Q: Year Nas income. index number nominal 2000 1000 100 2001 1500 120 2002 2100 125 From the table above…
A: Given Nominal Income for 3 years
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- Agricultural 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?Using the information provided on the income tax systems in two hypothetical countries, Country A and Country B, complete the following tables.Country ACountry BTaxable Income (Dollars) Tax Liability (Dollars) Taxable Income(Dollars) Tax Liability (Dollars )20,0002,000.0020, 000$2,00040, 00010, 000.0040,000 $4,00060,00024,000.0060, 000$6,000Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to $40,000 and $40,000 to $ 60,000 for each country.Taxable Income Range Country A Marginal Tax Rate Country B Marginal Tax Rate( Dollars)(Percent)(Percent) 20,000 to 40,00040,000 to 60,000Complete the following table by deriving the average tax rates at each income level for each country.Taxable Income (Dollars)(Percent) Country A Average Tax Rate Country B Average Tax Rate(Percent )20,00040, 00060,000List all the taxes that get reported on a BAS and IAS along with a short reference to their legislation regarding the lodgement schedule. Use the table below: BAS lodgement date Tax Item IAS lodgement date GST PAYGW PAYGI LCT WET
- Government spending (as a percentage of gross domestic expenditure) hasincreased significantly over the past decades. Explain any two reasons for thistrend.What is the effect of government purchased and taxation on the level of income?Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. V Taxable Income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 1st attempt Tax rate 10% 222335 12 24 37 See Hin
- ← → X VD C Calculate the income tax for a single person who has $81,396 of taxable income using the table below which shows the tax brackets for 2016 for single workers. TODE EQ Taxable Income $0 to $9,375 $9,376 to $37,550 $37,551 to $90,850 $90,851 to $189,500 $189,501 to $411,650 $411,651 to $414,500 $414,501 or more Answer to the nearest penny. Tax Rate 12% of amount over $0 $945 plus 16% of the amount over $9,375 $5,278 plus 26% of the amount over $37,550 $18,526 plus 29% of the amount over $90,850 $46,592 plus 34% of the amount over $189,500 $119,622 plus 36% of the amount over $411,650 $120,135 plus 40.2% of the amount over $414,500 hpDefine net taxes.I dont understand how to calculate and graph the second curve for income after taxes and benefits. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Define income tax.The following table shows tax payments made for various incomes. According to the information in the table below, the tax system is: Table 3.1 Taxable income $1,000 $2,000 $4,000 $8,000 Тах рayments $10 $30 $90 $270 a. regressive between $1,000 and $2,000 of income but progressive above $2,000. b. progressive throughout all levels of income. c. regressive throughout all levels of income. O d. progressive between $1,000 and $2,000 of income but regressive above $2,000. O e. proportional throughout all levels of income.The government implements a negative Income tax plan with a guaranteed minimum income of $5,000 and a phase-out rate for payments of 50%. Complete the following table by calculating the negative tax and total after-tax income for each family income given. (Note: Suppose that any income above $10,800 would pay a positive tax.) Family Income Negative Tax (Dollars) (Dollars) 0 2,800 4,800 6,800 8,800 10,800 Total After-Tax Income (Dollars)
