Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure (I) 60 Subsidies 5 Government Expenditure (G) 40 Transfer payments to households 10 Exports (X) 35 Personal Income Taxes 25 Imports (M) 30 Undistributed dividends 5 Net factor income from the rest of the world 5 Depreciation 5 A)Find Net National Product B)Find Disposable Income

Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure (I) 60 Subsidies 5 Government Expenditure (G) 40 Transfer payments to households 10 Exports (X) 35 Personal Income Taxes 25 Imports (M) 30 Undistributed dividends 5 Net factor income from the rest of the world 5 Depreciation 5 A)Find Net National Product B)Find Disposable Income

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 5CQQ

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National Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal Income
e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
Refer to the table given. The gross domestic product (GDP) in billions of TL i .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment 1000 500 30 650 Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 50 300 40 200 600 50 200 3440 2900 3140 3650
5. The Planning Institute of Jamaica (PIOJ) collected the following data over a one-year period: $ Billions ITEMS Consumers' expenditure Government Investment expenditure 135.5 49.6 70 Exports Indirect Taxes 37.4 Net Property Income from abroad 25.6 Subsidies 5.2 Imports Transfer Payments 68.7 39 Dividend 22.5 Capital Consumption 17.8 Social Security contribution Undistributed corporate profits 14 21 2 Personal taxes 10.5 Government purchases 122.8 Value of increase in stock 6.7 Calculate ) GDP at market prices (i) GDP at factor cost (i) NDP at market price (iv) GNP at factor cost () NI at market price (v) NNP at factor cost (vu) PI (v) DI
rerer to the information provided in table 4 below to answer the question(s) that follow. Table 4 $Billions 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 20 40 150 50 40 160 80 Personal consumption expenditures Dividends 700 10 Exports Amount of national income not going to households 70 30 Referring to table 4, calculate a. The values for GDP, GNP, and NNP. b. The values for national income, personal income, and disposable personal income.
What is the relative importance of consumption spending (C) in aggreagte demand and some factors that affect it? What is the relative importance of investment spending (I) in aggreagte demand and some factors that affect it? What is the relative importance of government spending (G) in aggreagte demand and some factors that affect it? What is the relative importance of Net Export (NX) (Net Export = spending on exports (X) - imports (M)) in aggreagte demand and some factors that affect it?
Problem 2. Complete the following table: Income (Y) Consumption (C) АРС MPS (7) 2,000 1,900 3,000 2,700
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
Billions of Dollars 6,500 1,900 1,200 Consumption Gross private domestic investment Government spending less transfer payments Imports Exports Depredation Indirect business taxes and transfers 600 500 1,500 750 17) Using the above table, the GDP is (in billions of dollars) A) 10,200. B) 8,200. C) 8,900. D) 9,500.
1. What relationship does the income expenditure model represent? Why is it used?
Question # 6 Based on the following data for a hypothetical economy Millions Wage and salaries Government Purchases Exports Rental Income Profit Interest Consumption and spending Imports Private investment Spending $6000 $2000 $2650 $450 $1600 $1000 $4800 $2400 $2000 a. Calculate the GDP using expenditure approach: b. Calculate the GDP using income approach: c. Suppose that in the next vear export deerease to 1650 million. Import increase to 3400 million and consumption falls to 2800 million. What will the GDP be in that year?
Problem 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

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Private consumption expenditure (C)	150	Indirect Taxes	20
Gross private investment Expenditure (I)	60	Subsidies	5
Government Expenditure (G)	40	Transfer payments to households	10
Exports (X)	35	Personal Income Taxes	25
Imports (M)	30	Undistributed dividends	5
Net factor income from the rest of the world	5	Depreciation	5