Macroeconomics for Today
10th Edition
ISBN: 9780357161494
Author: Irvin B. Tucker
Publisher: Cengage Learning US
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Question
Chapter 5, Problem 19SQ
To determine
The income that people earn in resource or factor market.
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Students have asked these similar questions
Check on the table below the factors that measure national income. Choose only three from the list and write down an example that represents to it.
What is the measure of the income earned by owners of resources used in making final goods and services?
a.
personal income
b.
gross domestic income
c.
retained earnings
d.
national income
What should be added to the net output to get the national income?
a.
Net factor income from abroad
b.
Net consumption
c.
Intermediate consumption
d.
Net income
Chapter 5 Solutions
Macroeconomics for Today
Ch. 5.6 - Prob. 1YTECh. 5 - Prob. 1SQPCh. 5 - Prob. 2SQPCh. 5 - Prob. 3SQPCh. 5 - Prob. 4SQPCh. 5 - Prob. 5SQPCh. 5 - Prob. 6SQPCh. 5 - Prob. 7SQPCh. 5 - Prob. 8SQPCh. 5 - Prob. 9SQP
Ch. 5 - Prob. 10SQPCh. 5 - Prob. 11SQPCh. 5 - Prob. 12SQPCh. 5 - Prob. 13SQPCh. 5 - Prob. 1SQCh. 5 - Prob. 2SQCh. 5 - Prob. 3SQCh. 5 - Prob. 4SQCh. 5 - Prob. 5SQCh. 5 - Prob. 6SQCh. 5 - Prob. 7SQCh. 5 - Prob. 8SQCh. 5 - Prob. 9SQCh. 5 - Prob. 10SQCh. 5 - Prob. 11SQCh. 5 - Prob. 12SQCh. 5 - Prob. 13SQCh. 5 - Prob. 14SQCh. 5 - Prob. 15SQCh. 5 - Prob. 16SQCh. 5 - Prob. 17SQCh. 5 - Prob. 18SQCh. 5 - Prob. 19SQCh. 5 - Prob. 20SQ
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Similar questions
- Gross domestic product (GDP) is defined as the: A. value of all final goods and services produced in a country during a period of time B. value of all final goods produced by a country’s resources that are in foreign countries during a period of time. C. value of all final goods that can be produced in a country by utilizing all resources during a period of time. D. value of the income earned by the owners of resources in a country during a period of time E. value of all intermediate goods and services produced in a country during a period of timearrow_forwardwhat is Value Added at Producer Price and Value Added at Purchaser Price. How are they calculatedarrow_forwardCalculate (a). The Gross national income at factor cost (b). Net national incomearrow_forward
- Which of the following is included in Gross Domestic Product (GDP)? Select one: a. the buying and selling of securities b. government transfer payments c. private transfer payments d. the sale of used goods e. None of thesearrow_forwardCalculate G, H, I.arrow_forward1. Check on the table below the factors that measure national income. Choose only three from the list and write down an example that represents to it. Measures of National Income Example 1. Gross Domestic Product 2. Gross National Product 3. Net National Product 4. NNP at Factor Cost 5. Personal Income 6. Disposable Personal Incomearrow_forward
- Kindly help me with this one.arrow_forwardChoose the letter of the correct answer. The value for PERSONAL INCOME is a. 391 b. 392 c. 393 d. 394 e. 395 The DISPOSABLE PERSONAL INCOME is a. 331 b. 332 c. 333 d. 334 e. 335arrow_forwardExclude the income of foreign nationals that resides with in the country in a given period of time. a. consumption b. investment c. gross national product d. all of the abovearrow_forward
- Personal income is national income minus Select one: a. depreciation. b. imports. c. the amount of national income not going to households. d. net factor income to the rest of the world.arrow_forwardCalculate the letter D, E, F.arrow_forwardParticipants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker 100 250 Middleperson 250 400 Vendor 400 500 a) Calculate the value added at each stage of production. b) Calculate the contribution to GDP from the good.arrow_forward
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