explain the impact of a low interest rate on gross domestic product(not less than a page)

Q: In an economy:- National income is $10,000 million and net factor income from abroad is $6700…

A: The information being given to us is as follows:- National Income = $10,000 million Net factor…

Q: What would be the value of consumption if savings is $1300 and the value of Income is $2200

A: The data presented in the question above is:- Savings = $1300 Income = $2200 Consumption is to be…

Q: Which of the following is included in personalincome but not in national income?a. Compensation for…

A: Personal Income and National Income varies certainly. National Income includes all the factor…

Q: Explain the importance of circular flow of income in an economy...

A: According to the given question Circular flow of income is considered as an simple concept in…

Q: Income and wealth Income is the flow of value generated from assets over a period of time and wealth…

A: Poverty refers to a situation where there is no access to resources.

Q: Discuss  the following  : Nominal national income and real national income in Oman.

A: National income: National income can be defined as the generation of output in a year, if there are…

Q: A negative net export (import is greater than import) can be offset by a positive net factor income.…

A: When talking about international trade, balance of payment account is used to make a record of…

Q: Define the term Net Income?

A: The monetary benefit or reward earned by an individual or business by producing goods or services,…

Q: Factor income from abroad is ____________. a. Included in the GDP b. Not included in the GDP c.…

A: Answer: b. Not included in the GDP Factor income from abroad is not included in the components of…

Q: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: When Britney Spears married one of her dancers, what effect might it have had on national income?…

A: National Income: National income is the monetary value of all goods and services produced in a…

Q: Identify the part of the personal income which is actually available for consumption a. Consumption…

A: Income is the monetary value that the person receives after providing work to the business.

Q: example of Socio economic aspect of income and employment

A: Social and economic factors refers to the drivers of the conditions under which individuals live.…

Q: What must be added to the domestic factor income to avail national income?

A: According to the given question Actually we can say that domestic factor income is basically the…

Q: interest payment = 15, transfer payment = 50, capital consumption = 10, indirect taxes 5, dire…

A: National income means the value of goods and services produced by a country during a financial year.…

Q: What is % of all the Investment in total GDP

A: GDP is measured using the formula = consumption + Investment+ Government expenditure - (Net Exports)…

Q: circular flow of income

A: Expenditure: It refers to the minimum expenditure done by an individual to fulfill the utility of an…

Q: What happens to fixed income when per capita incomes increases

A: The measure that depicts total income being earned in an economy by the total population of the…

Q: Which of the following is a withdrawal from the circular flow of income? a) Wages b) Consumption…

A: In the circular flow model, income is circulated from one participant to another participant in a…

Q: Identify the part of the personal income which is actually available for consumption a. Consumption…

A: Consumption is defined as the services and goods which are used and consumed by the consumers in an…

Q: Transfer payments are included in the gross domestic product or GDP. a. True b. False c. Maybe

A: Governments make economic investments, but they also give people transfer payments. There is no…

Q: Calculate the value of income if consumption is $2000 and savings is $1200

A: The Given information is as follows:- Consumption expenditure = $2000 Savings expenditure = $1200 We…

Q: Calculate : a. GDI b. GNI c. NNI d. NI e. Personal income f. Disposable income

A: Income from employment & self employment = 25000 Income from rent, dividend & interest =…

Q: wages = 700 goverment spending = 2,300 investment = 2,300 rent = 200 consuption = 7,400 net exports…

A: GDP =w + i + C+ I  + G + (X - M)          = 700 + 200 + 7400 + 2300 + 2300 + 400           = 13,300

Q: The salary of a consumer increased from ¢90, 000 to ¢110,000, which represents his salary for 2021…

A: Given: Salary in 2021=90000 Salary in 2022=110000

Q: be included in the calculation of national income?

A: National income can be defined as the value of all the goods and services produced by a country in a…

Q: What is meant by domestic income

A: Domestic income is one of broad measures of national income which is known with the name net…

Q: Calculate the value of APC when Consumption is given to be $230 and the income is $500

A: Consumption = 230 Income = 500

Q: Explain income and wealth more evenly distributed

A: Income is the monetary remuneration that people in an economy earn in exchange for their economic…

Q: f National income is given to be as $22,000 and net factor income from abroad is $19,000 Calculate…

A: here we calculate the NDPfc by using the given information so the calculation of the following by…

Q: amount of nominal GDP from the expenditure approach

A: GDP: It refers to the production of goods and services in an economy which is done within a…

Q: Find net factor income from abroad if national income is $20,000 million and NDPFC is $13000 million

A: The information being given is:- National Income = $20,000 million Net domestic product at factor…

Q: Increases in real GDP are often interpreted as increases in welfare. What are some problems…

A: An increment in ostensible GDP may simply mean costs have expanded, while an expansion in genuine…

Q: Identify the part of the personal income which is actually available for consumption O a.…

A: Income is the money received by a person or a company in exchange for labor, the production of a…

Q: Suppose you compare your income this year and last year and find that your nominal income fell but…

A: Nominal income refers to the income received by an individual whereas real income also takes…

Q: Robert Solow, winner of the 1987 Nobel Prize in economic sciences, once wrote, “If you have to be…

A: For his contributions to the "theory of economic growth", Robert Solow received the Nobel Prize in…

Q: In 2020, Delorse Greenlee purchased a 1892 painting by Paul Cezanne for $250 million. She also paid…

A: Here, it is given that Delores Greenlee buys a 1892 painting by Paul Cezanne for $250 million and…

Q: The rate of interest written on a contract between a borrower and a lender is the   a. expected…

A: The central-bank lends money to its member banks. The rate at which the central-banks loan them…

Q: what do you mean by CIRCULAR FLOW OF GOODS AND INCOME AMONG PRODUCERS AND HOUSEHOLDS

A: circular flow model  Lets understand this concept with an example:- In this circular flow model…

Q: Identify the part of the personal income which is actually available for consumption a. Taxable…

A: Personal income: It means the total earnings of an individual.

Q: Net domestic product (NDP) is determined by

A: Net domestic product (NDP) is the final net value of all the products and services that are produced…

Q: What would be the value of consumption if savings is $1300 and the value of Income is $2200.

A: Given data: Saving is $1300 Income is %2200

Q: Explain how a drop in GDP can influence the level of the interest rate (in 7 lines maximum). A…

A: GDP may increase for a variety of reasons, which are discussed in subsequent chapters. For now, we…