Question Use the data below to calculate the following: I. Net National Income at basic price II. Personal Income III. Disposable Income Compensation of employees 2000 Interest 500 Rent 700 Profits 800 Employer’s contribution to social security 20 Consumption of fixed capital 100 Net indirect tax 250 Net exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Consumption of fixed capital 200 Subsidies 25

Question Use the data below to calculate the following: I. Net National Income at basic price II. Personal Income III. Disposable Income Compensation of employees 2000 Interest 500 Rent 700 Profits 800 Employer’s contribution to social security 20 Consumption of fixed capital 100 Net indirect tax 250 Net exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Consumption of fixed capital 200 Subsidies 25

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 9P

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In the table below, you are given data for the country of Spruce. Net foreign factor income Gross mixed income Depreciation Compensation of Employees Indirect taxes (net of subsidies) Gross operating surplus Taxes less subsidies on production a. The value of GDI (at market prices) is $ b. The value of NDI (at basic prices) is $ c. The value of (net) national income is $ -32 144 166 530 111 275 48 1012 846 x
If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions 125 personal taxes (direct taxes ) Imports 410 350 Rent 250 income of foreigners inside Jordan 450 145 Exports retained (undistributed) profit 70 Interest 360 50 Depreciations transfer payments 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 275 corporate taxes Government expenditures 740 Profit 475 According to the above information answer the following questions:
Question 13 Use the table given below to calculate National Income using the income approach: Personal Consumption Spending Interest Corporate Profit Government Purchases Depreciation Rent Gross Private Domestic Investment Compensation of Employees Exports Imports Indirect Business Taxes Proprietors' Income Personal Income Tax Income Earned but Not Received Income Received but Not Earned Receipt of Factor Incomes from the Rest $ 50 of the World Receipt of Factor Incomes to the Rest of $ 30 the World $850 इ 90 $150 $400 $100 $ 70 $120 $830 $120 $ 70 $ 80 $120 $110 $140 $160 a) $1380 O b) $1420 c) $2270 d) $1260
If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions personal taxes (direct taxes ) 125 410 Imports 350 Rent 250 income of foreigners inside Jordan 450 Exports 145 retained (undistributed) profit 70 Interest 360 Depreciations transfer payments 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : Gross domestic product (GDP) according expenditure approach = Net domestic product (NDP) = Domestic income (DOI) = Gross national product (GNP) = Net national product (NNP) = National income (NI) = Personal income = • Disposable personal income (DPI) = • household savings (S) = Cash Dividends ( distributed profit) = 2. Find the Gross Domestic Product (GDP) according to…
Use the data below to calculate the following: I. Personal Income II. Disposable Income III. Net National Income at basic price Compensation of employees 2000 interest 500 rent 700 Profits 800 Employer’s contribution to social security 20 Consumption of fixed capital 100 Net indirect tax 250 Net exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Subsidies 25
22. Define the following: Per capita Income Monetary Policy World Bank International Monetary Fund National Income
You are given the following information for a certain economy: SB Compensation of Employees Net Interest Income Depreciation Indirect Taxes Subsidies Corporate Profits Proprietor's Income Rental Income Payments of Factor Income to the Rest of the World Receipt of Factor Income from the Rest of the World Use the information above to calculate: A. B. C. i. National Income ii. Indirect Taxes minus Subsidies iii. Net Factor Payments to the Rest of the World iv. GDP 240 50 15 100 80 350 100 210 450 300 Outline TWO (2) uses of National Income statistics. Explain FOUR (4) limitations that these statistics have, in determining a country economic welfare. (1
What describes as Gross Domestic Product of a country?
What is export,import rate and net export reflecting in terms of GDP of a country? What it indicates when the value is high or low?
Which of the following transactions is excluded from gross domestic product? O Julian, a public school teacher, receives a paycheck. Francis receives her social security check. Francis buys ice-cream at a local grocer. O John buys 55 cent tacos at a food truck. Pablo sells and ships a book to a foreign buyer.
Personal Taxes $ 55 Social Security Contributions Taxes on Production and Imports Corporate Income Taxes 30 35 55 Transfer Payments 37 U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports 39 50 105 90 37 Personal Consumption Expenditures 265 Consumption of Fixed Capital (depreciation) Net Foreign Factor Income 40 25 0 Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). NDP is $402. $422. $370. $467.
6 Pakistan Ethiopia Haiti Afghanistan Use the table to answer the following questions. Per Capita Income (in 2016) Country United States France Japan South Korea Spain Saudi Arabia Greece World average Mexico China Cuba Nigeria Pakistan Ethiopia Haiti Afghanistan If-M-Damelala $ 768 766 586 59,332 38,477 38,428 29,743 28,157 20,761 18,613 10,714 8,903 8,827 6,000 1,969 1,548 768 766 586 If a McDonald's Happy Meal costs $3, how many Happy Meals per week could Instructions: Round your responses to the nearest whole number. a. the average person in France afford? Happy Meals per week b. the average person in Spain afford? Happy Meals per week