Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 21, Problem 4IAPA
To determine
To find:
Whether the production of the wings of an airline in Japan and assembling of the cars for the U.S. market in a city of the U.S. should appear in which activities of the
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Question 1
Table 23-1
The following table contains data for Mindalion for the year 2019.
GDP
Income earned by citizens abroad
Income foreigners earn here
Losses from depreciation
Indirect business taxes
Statistical discrepancy
Retained earnings
Corporate income taxes
Social insurance contributions
Interest paid to households by government
Transfer payments to households from government
Personal taxes
Nontax payments to government
$200
$9
$7
$4
$10
$0
$8
C. $198.
d. $200.
$12
$30
$8
$55
$60
$11
Refer to Table 23-1. Disposable personal income for Mindalion in 2019 is
a. $130.
b. $201.
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
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:
a) Gross Domestic Product (GDP) at market price.
b) Gross Domestic Product (GDP) at factor cost.
c) Gross National Product (GNP) at factor cost.
d) national income.
e) What approach did you use to make calculation in question (i)?
b) The table below shows national income data for a country R.
Year
Nominal GNP
(RM million)
Price Index
2017
16 400
100
2018
18 800
108
i) Calculate real income for 2017 and 2018.
ii) How much growth rate from year 2017 to 2018?
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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