What is the expenditure approach to measuring GDP? The expenditure approach to measuring GDP sums together and the largest component is O A. consumption expenditure, investment, govermment expenditure on goods and services, and net exports; consumption expenditure O B. net domestic income at factor cost, indirect taxes less subsidies, and depreciation; net domestic income at factor cost OC. consumption expenditure, investment, government expenditure on goods and services, and net exports, government expenditure on goods and services D. compensation of employees, net interest, rental income, proprietors' income, and corporate profits, compensation of employees

What is the expenditure approach to measuring GDP? The expenditure approach to measuring GDP sums together and the largest component is O A. consumption expenditure, investment, govermment expenditure on goods and services, and net exports; consumption expenditure O B. net domestic income at factor cost, indirect taxes less subsidies, and depreciation; net domestic income at factor cost OC. consumption expenditure, investment, government expenditure on goods and services, and net exports, government expenditure on goods and services D. compensation of employees, net interest, rental income, proprietors' income, and corporate profits, compensation of employees

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 9SQ

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Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450
a.) From the following data, calculate national income by income method Items (Units of m) Compensation of employees 800 Mixed income of self-employed 900 Net factor income from abroad - 50 Rent 350 Profit 600 Consumption of fixed capital 200 Net indirect taxes 250 Interest 450 Operating Surplus 1400 b.) From the following data, calculate national income by expenditure method. Items (000) Compensation of employees 1,200 Net factor income from - 20 Net indirect taxes…
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Question # 6 Based on the following data for a hypothetical economy Millions Wage and salaries Government Purchases Exports Rental Income Profit Interest Consumption and spending Imports Private investment Spending $6000 $2000 $2650 $450 $1600 $1000 $4800 $2400 $2000 a. Calculate the GDP using expenditure approach: b. Calculate the GDP using income approach: c. Suppose that in the next vear export deerease to 1650 million. Import increase to 3400 million and consumption falls to 2800 million. What will the GDP be in that year?
Refer to the table given. The gross domestic product (GDP) in billions of TL i .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment 1000 500 30 650 Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 50 300 40 200 600 50 200 3440 2900 3140 3650
2. Use the data below to answer the questions that follow. Item Consumption expenditure Government purchases Amount (billions of dollars) 350 Interest and investment income Profit of corporations & public enterprises Income from farms and unincorporated businesses Wages, salaries, and supplementary labour income Capital consumption allowance (depreciation) Investment Exports Imports (Indirect) taxes less subsidies a) Calculate net exports. b) Use the expenditure approach to calculate GDP. c) Use the income approach to calculate GDP. 100 35 55 50 325 50 150 46 56 75
1. Calculate GDP, NDP, NI, PI, and DI from the following information. All numbers are in billions of dollars. Wages $ 26,500Consumption Expenditures $30,000Government Expenditures $15,000Imports $18,000Exports $20,000Property Taxes $16,000Sales Taxes $9,715Retained earnings $1,310Personal Income Taxes $2,200Private Investment Expenditures $14,000Interest Income $1,940Pay Roll taxes $1,000Transfer Payments $800 Depreciation $1,200Net Income Made Abroad by Americans $160Indirect Business taxes $2,000Corporate Income Taxes $300 2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 240 million people out which 70 million are under the age of 16, 30 million don't want to work and 10 million are looking for work. 3. Calculate the inflation rate from 2019-2020 if the index number in 2019 was 115 and the index number in 2020 was 119.
Using the following information. Showing all working and calculate (i) Personal and disposable income (ii) Household consumption Expenditure
e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
5. Given the following table Items RM Million Imports Depreciation Exports Dividends 70 50 80 10 Government Purchases 120 Receipts Of Factor Income From The Rest Of World Amount Of National Income Not Going To Households Payments Of Factor Income From The Rest Of World Net Private Domestic Investment Personal Income Taxes 20 10 40 350 100 Personal Consumption Expenditures 750 a. Calculate the GDP b. Calculate the GNP C. Calculate the NNP d Calculate the national income e Calculate the personal income f. Calculate the disposable personal income POCO SHOT ON POCO F2 PRO
A and B please. Thank you.
The three ways of measuring Gross Domestic Product are the __________ approach, the ________ approach, and the __________ approach. 3 Select one: a. real GDP, nominal GDP, potential GDP b. income, expenditure, value-ad3ded c. expenditure, income, real GDP