The following table contains data for Mindalion for the year 2019.GDPIncome earned by citizens abroadIncome foreigners earn hereLosses from depreciationIndirect business taxes$700$13$12$5$10$0Statistical discrepancyRetained earningsCorporate income taxesSocial insurance contributionsInterest paid to households by governmentTransfer payments to households from governmentPersonal taxes$8$12$30$8$55$60Nontax payments to government$1141. Refer to Table 23-1. Gross national product for Mindalion in 2019 isa. $696.b. $700.c. $701.d. $725.42. Refer to Table 23-1. Net national product for Mindalion in 2019 isma. $696.b. $700.c. $701.d. $699.

Gross national product for Mindalion in 2019 is Answer: c. $701 GNP is the addition of net income…

Answered: The following table contains data for…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Calculate the value added by a firm with the following:- Domestic sales of the firm = $4000 Exports by the firm = $1000 Purchase by the firm = $200
The following are the National Income Account data of the Philippines (figures are in Billions of Pesos). 17 Merchandise Imports Personal Consumption Expenditure Net Factor Income from Abroad Capital Consumption allowance Merchandise Exports Transfer Payments 217 7 15 19 32 Net Private Domestic Investment 8 Indirect Business Taxes 39 Personal Taxes 4 Social Insurance Contributions 10 Undistributed Corporate Profits Dividends 15 Government Expenditure 51 Corporate Income Tax 11 Calculate the Gross private domestic investment. Calculate the Net exports. Calculate the Gross Domestic Product. Calculate the Corporate profits.
ITEMS RM (millions) Agriculture 18,000 Mining 12,000 Manufacturing 22,000 Constructions 8,000 Electricity, gas and water 1,800 Transportation and communication 900 Indirect tax 800 Subsidies 700 Government services 1,700 Other services 900 Capital consumption 500 Income received from abroad 750 Income paid to abroad 450 Based on the table above, calculate: Gross Domestic Product (GDP) at market price. Gross Domestic Product (GDP) at factor cost. 3. Gross National Product (GNP) at factor cost
given the following calculate the Household Consumption Expenditure GDP at market prices 1,669.4 Imports 290.5 Gross domestic Capital Formation 48.7 Income Accruing to the public Sector 39 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments From Abroad 10 Capital Consumption Allowance 10.05 Income Payments to Foreigners 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7
Dollar Amount Item Durable goods Nondurable goods Services Fixed investment Inventory investment Government purchases Exports (Billion Dollars) 220 400 700 130 20 500 110 Imports 150 Capital consumption allowance 20 Compensation of employees 700 Proprietors' income 480 Corporate profits Rental income Income earned from the rest of the world Income earned by the rest of the world 200 200 200 40 Indirect business taxes 80 Statistical discrepancy 30 Undistributed corporate profits 20 Social insurance taxes 80 Corporate profits taxes Transfer payments Personal taxes Net interest 30 50 80 20 Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports. Item Dollar Amount (Billion Dollars) GDP NDP $ National income $ Personal income $ Disposable income Net exports If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to $ billion.
Gross domestic product is The monetary value of all final goods and services produced in a year The total value of all final goods and services that are meant for international trade The total value of all goods and services produced only by private companies in a year The monetary value of all final goods and services produced in a year adjusted to account for depreciation
$Millions GDP at market prices 1,669.4 Imports 290.5 Gross domestic Capital Formation 48.7 Income Accruing to the public Sector 39 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments From Abroad 10 Capital Consumption Allowance 10.05 Income Payments to Foreigners 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 calculate the following: a) disposable income b) Household Consumption expenditure
To calculate GDP from the income side, one must add together wages, a) government income, interest, and profits. b) consumption and depreciation. c) interest, rent, depreciation, profits and indirect taxes net of subsidies. d) investment, rent, depreciation, profits and indirect taxes net of subsidies. e) net exports, depreciation, and profits.
If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204
Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm = $2000 Purchase by firm = $3000
If National income is $1300 million, net factor income from abroad is $500 million Find the value of net domestic product at factor cost
Calculate the value of consumption of fixed capital National income = $4000 GDPMP = $5000 Net indirect tax = $300 Net factor income from abroad = $200 All values are in million

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