5. Given the following table RM Million Items 70 Imports Depreciation 50 Exports 08 Dividends 10 Government Purchases 120 Receipts Of Factor Income From The Rest Of World 20 Amount Of National Income Not Going To Households 10 Payments Of Factor Income From The Rest Of World 40 Net Private Domestic Investment 350 Personal Income Taxes 100 Personal Consumption Expenditures 750
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- Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross investment = 100 Net investment = 80 Exports = 250 Imports = 300 Net Indirect taxes = 50 Net external income = 100 Balance of transfers with the Rest of the World = 50 Private savings = 300 Calculate: a) NNPbp (Net National Product) and Current balance. Interpret the result obtained. b) Public savings and Totaltaxes net of Gov. transfers. Interpret the result obtained.During the 2007–2009 recession, the value of commonstocks in real terms fell by more than 50%. How mightthis decline in the stock market have affected aggregatedemand and thus contributed to the severity of therecession? Be specific about the mechanisms throughwhich the stock market decline affected the economy.Imagine that the U.S. economy finds itself in the followingsituation:agovernmentbudgetdeficitof$100 billion, total domestic savings of $1,500 billion, and total domestic physical capital investment of $1,600 billion.Accordingtothenationalsavingandinvestment identity,whatwillbethecurrentaccountbalance?What willbethecurrentaccountbalanceifinvestmentrisesby $50billion,whilethebudgetdeficitandnationalsavings remain the same?
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
- 17. Given this diagram; what is the level of G (government purchases of goods and services)? 18. Given this diagram; what is the level of Ca (autonomous consumption)?You are given the following information about an economy : Gross private domestic investment =. 40Government purchase of goods and Services. =. 30 Gross national product ( GNP). =. 200Current account balance. =. -20 Taxes. =. 60Government transfer payment to thedomestic private sector. =. 25Interest payment from the governmentto the domestic private sector. =. 15Factor income received from rest of world. =. 7Factor payment made to rest of world. =. 9 Find the following, assuming that government investment is zero. : a) consumptionb) Net exportc) GDPd) net factor payment from abroade) private savingf) government savingg) national savingThe data in columns 1 and 2 in the table below are for a private closed economy. (1) Real Domestic Output (GDP = DI), Billions (2) Aggregate Expenditures, Private Closed Economy, Billions (3) Exports, Billions (4) Imports, Billions (5) Net Exports, Billions (6) Aggregate Expenditures, Private Open Economy, Billions $300 $340 $20 $30 350 380 20 30 400 420 20 30 450 460 20 30 500 500 20 30 550 540 20 30 600 580 20 30 650 620 20 30 a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy. $________billion b. Now open up this economy to international trade by including the export and import figures of columns 3 and 4. Fill in the gray-shaded cells in columns 5 and 6. What is the equilibrium GDP for the open economy? $_______ billion What is the change in equilibrium GDP caused by the addition of net exports? $_______billion c. Given the original $20 billion level of exports, what…
- Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 2a. Compute the weights of each of PCE, GPDI, NX and GOV) in GDP 2b. Consider the following rates of change (%) for each of the above items. % change PCE 10.70% GPDI -5.00% NX -6.80% GOV 6.30%Which one of the following statements is FALSE? (2)(a) There are four broad groups of decision‐making units in the economy:households, firms, government and the foreign sector;(b) Savings are an important injection into the circular flow of income andspending in the economy;(c) Taxes are a leakage or withdrawal from the flow of income and spending in the economy;(d) Spending by households on consumer goods and services is calledconsumption spending.In the economy of Carpathia: Consumption =850 billion Government purchase of goods and services = 100 billion Import = 125 billion Investment spending= 75 billion Exports = 100 billion. Taxes= 50 billion —There are no government transfers payment. — set an open a close economy given the provided data table? —Compute the following based on the data in the table above. A) GDP in Carpathia B) National savings in Carpathia: C) Net capital inflow into Carpathia: D) The savings-investment spending identity for the Carpathian economy