Attached is a table, please use that to answer these:   1998 Gross Domestic Product Answer (Remember to show work): 2028 Personal Consumption Expenditures Answer (Remember to show work): 2008 Gross Private Domestic Investment Answer (Remember to show work):

Category Expenditures (billions of dollars) Fixed business investment $2,950.00  Durable goods $2,300.00  Exports $700.00  Federal government purchases $1,250.00  New home construction $1,300.00  Imports $840.00  Change in inventories $-200.00  Nondurable goods $4,800.00  Services $9,450.00  State and local government purchases $2,100.00  Use the information in the table to calculate the following:(a) Consumption: $    billion(b) Investment: $    billion(c) Government: $    billion(d) Net exports: $    billion(e) GDP: $    billion

Personal consumption expenditures $5,850 Exports 750 Government spending 1,800 Social Security taxes 900 Depreciation 650 Indirect business taxes 750 Imports 1150 Gross private domestic investment 1200 Corporate income taxes 400 Personal taxes 1000 Corporate profits 550 Transfer payments 800   1) Compute GDP? 2) Compute National Income?

Question 3

Question 1: For each of the activities listed below, determine if it should be included in calculating the 2022 Canadian GDP using the expenditure approach by selecting INCLUDED or NOT INCLUDED and the corresponding reason.  Activity Included/Not included Reason        A Bombardier jet made in Quebec and sold to Martinique in 2022.      A house built in Toronto in 2021 but not sold until 2022.       A new federal courthouse built in Calgary in 2022.       A fine chocolate bar produced in Denmark and sold in Vancouver in 2022.       A case of whiskey produced in Ontario in 2022 and sold to someone in Spain in 2023.       A newly planted wheat farm in Manitoba in 2022.       A resident of New Brunswick pays her property taxes in 2022.       A performance by a Japanese acrobatic dance company in Edmonton in 2022.      Payment by a resident of Montreal to their neighbor's daughter for five hours of dog-sitting service in 2022. .     Purchase of 100 shares of…

The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components   Personal Consumption Expenditures (CC) $9,734.2 Gross Private Domestic Investment (II) $2,125.4 Exports (XX) $1,643 Imports (MM) $2,351 Net exports of goods and services (X−MX−M)   Government Consumption Expenditures and Gross Investment (GG) $2,689.8 Gross domestic product (GDP)     This method of calculating GDP, which involves summing the       , is called the               approach.

Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. Category Billions Category Personal consumption expenditures $285 Net exports Billions 11 Net foreign factor income 4 Dividends 16 Transfer payments 12 Compensation of employees 263 Rents 14 Taxes on production and imports 18 Statistical discrepancy 8 Undistributed corporate profits 21 Consumption of fixed capital (depreciation) 27 Personal taxes 26 Social Security contributions 20 Corporate income taxes 19 Interest 13 Corporate profits 56 Proprietors' income 43 Government purchases 82 Personal saving 30 Net private domestic investment 33 Instructions: Enter your answers as a whole number. a. Using the above data, determine GDP by both the expenditures approach and the income approach. Then determine NDP. GDP using the expenditures approach = $…

Answer (iv) and (v)

Which of the following would be included in the level of an economy's GDP? Select one: a. Private purchases of government bonds b. Interest payments on government debt c. The purchase of a vehicle from overseas d. The construction of new houses and dwellings

Using the data below, calculate GDP by using expenditure approach: Year 2017 RM (million) 700 2500 790 670 1000 3200 2300 9000 450 900 2000 1000 500 9300 3100 5500 4500 Item Factor income paid abroad Import of goods and services Corporate taxes Retained earnings Depreciation Export of goods and services Subsidies Private Investment Personal Income tax Social security contribution Change in stock Transfer payment Indirect business tax Public Investment Consumption Government expenditure Factor income receive from abroad Calculate the Year 2018 RM (million) 450 3000 900 590 1200 4500 3790 8900 600 900 -350 1200 650 7800 8000 5600 3200 Gross domestic product at market price Gross National product at market price Gross National product at factor cost а. b. С. National Income Personal Income d. е. Disposable personal Income Gross domestic product at factor cost f. g.