ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Value added by firm A is $2300 million Calculate the value of domestic sales if exports of firm is $750 million, purchase of firm is $300 millionarrow_forwardDollar 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.arrow_forwardGross 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 depreciationarrow_forward
- Exports and imports are $500 million and $330 million Find net Exportsarrow_forwardTo 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.arrow_forwardNational Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services $8,200 Exports $1,700 Government purchases of goods and services $2,500 Social Security taxes $1,900 Net investment $1,400 Indirect business taxes $1,400 Imports $1,900 Gross investment $1,800 Corporate income taxes $600 Personal income taxes $1,500 Corporate retained earnings $130 Net foreign factor income $100 Government transfer payments to households $1600 Net interest payments to households $500 On the basis of Table 5.3, the value of the income aggregate that is defined as "the part of disposable income not spent on current consumption" (also known as savings) is Multiple Choice -$500 billion. $500 billion. $370 billion. $8,570 billion.arrow_forward
- 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) $204arrow_forwardExpenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $4,565 $740 $1,465 $510 $225 $520 $825 $865 $185 $750 $45 $20 $690 $0 Table 5.1 National Income Accounts (dollar figures are in billions) On the basis of Table 5.1, personal income is $5,620 billion. $5,790 billion. $6,530 billion. $6,445 billion.arrow_forwardConsider the following national accounts data for Westeros: Westeros' National Accounts (2019) GDP Item (S billions) Corporate income 140 Еxports 50 Wages and salaries 550 Net international income to the rest of the 8 world Gross investment 160 Government purchases 184 Indirect taxes 75 Personal consumption 500 Imports 27 Depreciation 79 Proprietors' incomes and rents Which is the following is the income-based estimate of GDP for Westeros? 65 $909 billion $751 billion $558 billion $939 billionarrow_forward
- Find the last year GDP data and the personal consumption expenditure data (in billions) for the US economy. Section 1: Domestic Product and Incomearrow_forwardWhich of the following is NOT included in 2013's GDP? Group of answer choices the commission earned by a headhunter in 2013 when she locates a job for a client the value of a dishwasher manufactured in 2013 but not sold in 2013 the value of a motor that is used in the production of a lawn mower the value of a motorcycle produced in the United States in 2013 and exported to Japanarrow_forwardThe table below contains data for country A for the year 2010. Household purchases of durable goods Household purchases of nondurable goods Household purchases of services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods $1293 $1717 $301 S704 $310 $374 S611 $117 $1422 $553 $77 S88 $120 1. Refer to Table 23-2. What was country A's GDP in 2010? 2. Refer to Table 23-2. What was country A's consumption, investment, govemment purchases, and net exports in 2010?arrow_forward
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