ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In Exhibit 15-7, disposable personal income (DI) is:
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- Household purchases of education services AED108,720 Household purchases of new housing AED293,760 Purchases of capital equipment AED119,880 Inventory changes AED27,000 Purchases of new structures AED96,120 Local government spending on goods and services AED84,960 State government spending on goods and services AED150,840 Federal government spending on goods and services AED425,520 Transfer payments AED254,520 Foreign purchases of domestically produced goods AED78,120 Domestic purchases of foreign goods AED46,440 Household purchases of durable goods AED398,880 Household purchases of nondurable goods AED252,720 Household purchases of non-education services AED73,080 Current account Balance AED96,840 GDP Net Transfers GNP Complete table 3 by calculating the GDP, Net transfers and GNP.arrow_forwardWhich of the following form the basis of GDP calculated using the income approach? Question 4 options: depreciation, profit, investment, and interest wages, rent, profit, and interest wages, depreciation, profit, and consumption Indirect taxes, consumption, rent, and wages factor prices, profit, rent, and net capitalarrow_forwardUse the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit Indirect business taxes Rent Interest Wages Depreciation Consumption Government spending Imports Social Security contributions Exports Government transfer payments Personal income taxes and nontax payments Corporate taxes and retained earnings 2.8 .8 .7 .8 8.2 1.3 11.0 1.8 1.7 2.0 1.5 2.0 1.7 .5arrow_forward
- I need good explanation. Don't copy from cheggarrow_forward1. Based on this table, the Gross Domestic Product is $_______ billion.arrow_forwardComponent Value ($bil) Component Value (Sbil) Consumption 680 Government outlays 300 Business Fixed Investment 90 Government purchases 220 Residential Investment 40 Labor income 520 Inventory stock, 12/31/22 160 Capital income 260 Inventory stock, 12/31/23 150 Net income of foreigners 40 Imports 140 Taxes, subsidies, and transfers 120 Exports 120 Depreciation 70 For each of the following calculations, show your work! a) Compute net exports (X) and investment (1) for this country. b) Use the spending approach to compute GDP (Y) for this country. c) Use the equation Y-C-G to compute national saving (S) for this country. How does it relate to your answer to part a? d) Briefly discuss how this country's spending components, as proportions of GDP , compare with the US in a recent year. e) Use the income approach to compute GDP for this country. Given your answer to part b, what is the size of the statistical discrepancy?arrow_forward
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