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- What are the differences between national income, personal income, and disposable personal income? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.Given the following data, answer questions a through c. Billions of dollars New Residential Construction $500 Purchase of existing homes $250 Sales value of newly issued stocks and bonds $600 New physical capital $700 Depreciation $200 New Intellectual property $100 Household purchases of new furniture $50 Net change in firms’ inventories $100 Production of new intermediate goods $700 What is the value gross private domestic investment? Answer: What is the value of net investment? Are any intermediate goods counted in gross investment?An economy’s capital stock was $46.3 billion at the end of 2016, $46.6 billion at the end of 2017, and $47.0 billion at the end of 2018. Depreciation in 2017 was $2.4 billion, and gross investment during 2018 was $2.8 billion. a) Calculate the gross investment during 2017 b) Calculate the net investment during 2017
- Equation for finding the steady state of equilibrium for investmentExpenditure Approach Table 3 Items RM Million Subsidies 4,500 Factor Payments Received from abroad 10,000 Manufacturing 7,000 Public Investment 50,000 Exports 77,000 Consumption Expenditure 15,500 Private Investment 14,000 Imports 75,000 Depreciation 5,000 Increase in Inventory 400 Tax on Expenditure 1,500 Factor Payments Paid Abroad 12,000 Calculate using the above data: NI What is the difference between personal income and national income?A real value will increase only when prices increase. Select one: True False If the real value for manufacturing sales increases then the nominal value must also have increased. Select one: True False If nominal GDP is rising faster than real GDP then prices must be rising. Select one: True False
- The Disposable Income (DI) is: Consumption $ 1,500 Investment $ 355 Government Spending $ 590 Exports $ 70 Imports $ 50 Depreciation $ 200 *Corporate Savings(Retained Earnings) & Taxes $ 125 Social Security Taxes $ 40 Transfer Payments $ 100 Personal Income Taxes $ 100 *Corporate Savings(Retained earnings) = Corporate ProfitsNavigate and make notes on the following National income Subtopics: Reasons for studying national income, different interpretations, measurement, determinants of national income, consumption, saving and investments, modelling the economy and the government sector. You may use local examples to bring out your points. Your document should take the term paper formatexplain the concept of National income.Also state its features
- Using the following information, calculate the Net Domestic Product at Factor Cost: Government Final Consumption Expenditure 100 Net Indirect Tax 80 Private Final Consumption Expenditure 300 Consumption of Fixed Capital 20 Gross Domestic Fixed Capital Formation 50 Net import 10 Closing stock 25 Opening Stock 25 a. 410 b. 340 c. 380 d. 420"Income received by households before payment of personal taxes" is known as Saving. Disposable income. Personal income. Net domestic product.1. Investment is a determining factor of GDP. A decrease in the supply of available funds (i.e. a decrease in the supply of savings) is predicted to? a. Decrease interest rates, decrease investment towards physical capital and hence decrease GDP. b. Increase interest rates, increase investment towards physical capital and hence decrease GDP. c. Decrease interest rates, decrease investment towards physical capital and hence increase GDP. d. Increase interest rates, decrease investment towards physical capital and hence decrease GDP.
