Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 21, Problem 3IAPA
To determine
To find:
The list where the production of airplane wings by a Japanese Company in Japan and the assembling of car by a Japanese company in the U.S. will be shown in the
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5. Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI.
All figures are in bilions.
Compensation of employees
$194.2
U.S. exports of goods and services
17.8
Consumption of fixed capital
11.8
Government purchases
59.4
Taxes on production and imports
14.4
Net private domestic investment
52.1
Transfer payments
U.S. Imports of goods and services
13.9
16.5
Personal taxes
40.5
Net foreign factor income
2.2
Personal consumption expenditures
219.1
Statistical discrepancy
Identify the statement that describes the Gross Domestic Product of a country.
a.
All goods and services that are imported to the country
b.
All goods and services that are produced within a nation's borders.
c.
The amount of intermediate goods produced inside the country
d.
All goods and services that are produced outside a country's borders
Direction: Choose your answer from the box, and write the letter of your choice on the
space provided.
X. The Expenditure Approach
Y. The Income Approach
Z. The Industrial Origin Approach
1. Imports
2. Mining and Quarrying Industry
3. Indirect Business Taxes
4. Government Consumption Expenditure & Gross Investment
5. Industry Sector
6. Construction Industry
7. Transport and Commerce Industry
8. Exports
- 9. Manufacturing Industry
10. Depreciation
11. Personal Consumption Expenditures
12. Agriculture, Fishery and Forestry Industry
13. Compensation of Employees
14. Trade Industry
15. Net Exports
16. Rental Income of Persons
17. Service Sector
18. Profits
19. Gross Private Domestic Investment
20. Net Interest
Chapter 21 Solutions
Foundations of Economics (8th Edition)
Ch. 21.A - Prob. 1SPPCh. 21.A - Prob. 2SPPCh. 21.A - Prob. 3SPPCh. 21.A - Prob. 4SPPCh. 21.A - Prob. 5SPPCh. 21.A - Prob. 6SPPCh. 21.A - Prob. 7SPPCh. 21.A - Prob. 1IAPCh. 21.A - Prob. 2IAPCh. 21.A - Prob. 3IAP
Ch. 21.A - Prob. 4IAPCh. 21.A - Prob. 5IAPCh. 21.A - Prob. 6IAPCh. 21.A - Prob. 7IAPCh. 21 - Prob. 1SPPACh. 21 - Prob. 2SPPACh. 21 - Prob. 3SPPACh. 21 - Prob. 4SPPACh. 21 - Prob. 5SPPACh. 21 - Prob. 6SPPACh. 21 - Prob. 7SPPACh. 21 - Prob. 8SPPACh. 21 - Prob. 9SPPACh. 21 - Prob. 10SPPACh. 21 - Prob. 1IAPACh. 21 - Prob. 2IAPACh. 21 - Prob. 3IAPACh. 21 - Prob. 4IAPACh. 21 - Prob. 5IAPACh. 21 - Prob. 6IAPACh. 21 - Prob. 7IAPACh. 21 - Prob. 8IAPACh. 21 - Prob. 9IAPACh. 21 - Prob. 10IAPACh. 21 - Prob. 11IAPACh. 21 - Prob. 12IAPACh. 21 - Prob. 1MCQCh. 21 - Prob. 2MCQCh. 21 - Prob. 3MCQCh. 21 - Prob. 4MCQCh. 21 - Prob. 5MCQCh. 21 - Prob. 6MCQCh. 21 - Prob. 7MCQ
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