5. Table: Hypothetical Canadian National Income and Product Accounts Data Category Consumption (personal consumption expenditures) Investment (gross private domestic investment) Government consumption (government expenditures) Exports Imports Foreign income payments to domestic factors Domestic income payments to foreign factors Net unilateral transfers The GNI for the economy is: a. $10 billion. b. $20 billion. c. $780 billion. $790 billion. d. Billions of Dollars 400 150 80 210 60 20 10
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- 3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Wages and Salaries Consumption Investment Depreciation Government Amount (in billions) 1000 1700 700 50 100 Expenditure Тахes 300 Еxports Imports Income receipts from rest of the world Income payment to rest 50 40 10 50 of the world 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?4. Suppose that you are given the following data for the country of Trumpland: consumption net factor income from abroad 12,800 10,000 3,100 2,200 2,700 2,900 200 interest payments capital consumption allowance government spending on goods and services 2,400 2,900 3,200 wages investment exports imports profits rental payments 700 From the data provided, find a. GDP using the expenditure approach. b. GNP and NNP. c. NI using the income approach. d. statistical discrepancy. e. GDP using the income approach. (HINT: TrumRland is similar to the US economy for 2016, in billions of dollars.)1. The following table shows the National Income data for a country in a year 2019 Items RM billion Public consumption expenditures 71 Personal consumption 11 Public investment 3 Personal investment 5 Change in stock 14 Factor income received from 3 abroad Factor income paid abroad 2 Net export 13 Indirect taxes 2 EPF 3 Subsidies 1 SOCSO 1 Transfer payment 8 Income tax 2 Retained earning 1 Insurance premium 1 Based on the table above, calculate :- a. Gross Domestic Product at market price (GDP mp) b. Gross National Product at market price (GNPmp) c. Gross National Product (GNP fc) at factor cost d. National Income e. Personal income f. Disposable personal income
- 3. Table: Hypothetical U.S. National Income and Product Accounts Data Category Consumption (personal consumption expenditures) Investment (gross private domestic investment) Government consumption (government expenditures) Exports Imports Net Factor Income from Abroad Net unilateral transfers The GDP for the economy is: a. $11,400 billion. b. $10,575 billion. c. $10,550 billion. d. $10,595 billion. Billions of Dollars 8,000 1,300 2,100 900 1,750 +45 -205. Given the following table Items RM Million Imports Depreciation Exports Dividends 70 50 80 10 Government Purchases 120 Receipts Of Factor Income From The Rest Of World Amount Of National Income Not Going To Households Payments Of Factor Income From The Rest Of World Net Private Domestic Investment Personal Income Taxes 20 10 40 350 100 Personal Consumption Expenditures 750 a. Calculate the GDP b. Calculate the GNP C. Calculate the NNP d Calculate the national income e Calculate the personal income f. Calculate the disposable personal income POCO SHOT ON POCO F2 PROProblem 1 Given the following table: $Billions 40 Depreciation 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 Calculate: 1- GDP 2- GNP 3- NNP 4- National Income 5- Personal Income 6- Disposable Income
- Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,4505. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…
- Item Personal consumption expenditure Government expenditure on goods and services Net taxes Gross private domestic investment Imports of goods and services Exports of goods and services Millions of dollars 80 30 35 20 10 20 Use the information in the table above to calculate the value of net exports. O $10 million $30 million $0 -$10 million1. Using the following table (hypothetical Irish National Income and Product Accounts Data), choose all the right statements. I. II. III. IV. Category Consumption Government Consumption Exports Imports Foreign Income Payments to Domestics Factors Domestic Income Payment to Foreign Factors GDP Taxes The GNE is 2,300 billion of dollars. The Trade Balance is 100 billion of dollars Total Savings are 100 billion of dollars Private Savings are 500 billion of dollars a. Only I b. I and II c. I and III d. II and III e. III and IV Billions of Dollars 1,200 600 500 600 100 400 2,200 3001. 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)…
