47. Which of the following is the reason behind the inequality of income distribution in India? (a) Private ownership of the property (c) Inflation (b) Unemployment and semi unemployment (d) All of these
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- The prime interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years would it have been best to be a lender? Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years given would it have been best to be a borrower?4. Foreign payments to capital, labor, and land owned by domestic entities minus payments to factorservice imports equals: a. the difference between gross national income and gross domestic product. b. the difference between imports and exports. c. the difference between unilateral transfers and domestic income.d. income not subject to taxation such as capital gains, illegal earnings, or casual earningsEvample 8. Calculate Factor Income to abroad. Particulars in crores (1) GNP at MP 4,500 (ii) Replacement of Fixed Capital (iii) Indirect Taxes (iv) Subsidies (v) Factor Income from abroad 100 300 200 700 (vi) NDP at FC 3,900 Solution:
- 11- Earnings such as wages, interests and dividends by residents who are living in other countries are called _____________. a. Domestic Output b. Factor income from abroad c. Price level d. Domestic productSpring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next page14. In many developing nations, ______________________ is defined as the minimum income a person needs to survive, typically $1 to $2 a day.
- Assignment If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages social security deductions personal taxes (direct taxes ) Imports 2335 125 410 350 Rent 250 income of foreigners inside Jordan 450 Exports retained (undistributed) profit 145 70 Interest 360 Depreciations transfer payments 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures corporate taxes Government expenditures 750 275 740 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) = %3D Cash Dividends ( distributed profit) = 2. Find the Gross Domestic Product…A4 Government wants to boost the economy after the pandemic crisis. They decide to reduce the income tax on wage earners from 10% to 8%. How does a decrease in income tax affect the labor market and potential GDP?(2)The data below show the NOMINAL GDP (Y) and GDP deflator (P) for an economy over a five-year period. Year 2. 3. 4 750 780 796 829 892 Y 130 133 135 136 141 (a)For this economy, compute the short term and long-term growth rates. (Round figures to 2 decimal points) (b)Find the average rate of inflation for the entire five-year period
- 42) The GDP of the country has been dropping consistently for last few quarters due to economic policy uncertainties. What kind of economic factor would affect the economy? a. Domestic Factor b. Micro Economic Factor c. None d. Macro-Economic factorProblem 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 Income47 Check my wo Cumulative % of Population Cumulative % of Income, El Salvador, 2000 Cumulative % of Income, ElI Salvador, 2005 20 40 60 80 100 3. 11 24 44 100 13 26 100 Cumulative % of Income, United States, 2005 15 29 49 100 United States data from the Congressional Budget Office at CBO.gov. Before-tax Income, rounded to whole %s. Data for other countries from WorldBank.org, rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for El Salvador in 2000 is The Gini coefficient for El Salvador in 2005 is These Gini coefficients indicate that in El Salvador, the income distribution was (Click to select) in 2000 compared to 2005. in the United States compared to El Salvador. In 2005, the income distribution was (Click to select) v 4 of 8 Next > Prev 2:07 AM