Gross Domestic Product at FC by expenditure method (in crore) ) Private Final Consumption Expenditure (i) Net Domestic fixed capital formation (iii) Consumption of fixed capital (iv) Closing Stock (x) Opening Stock (vi) Government final consumption expenditure (vii) Net exports (viii) Wages and salaries (ix) Contribution of employers towards social security (x) Operating surplus (xi) Net factor income received from abroad (xii) Net indirect taxes 85 25 2. 10 10 (-)5 80 10 20 (-15 10
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- Income aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent 850 Interest 880 Distributed Profit 1,300 Proprietor’s income 750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89 Based on the above data, calculate: Gross Domestic Income Gross National Income National IncomeDepreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.Figured in #2 is 120,448
- (1) Real domestic output (GDP=DI) millions (2) Aggregate Expenditures, private closed economy millions (3) Exports/ millions (4) Imports/ millions (5) Net exports, private economy (6) Aggregate expenditures, open millions RM 350 RM 400 RM 450 RM 500 RM 550 RM 600 RM 650 RM 700 RM 390 RM 430 RM 470 RM 510 RM 550 RM 590 RM 630 RM 670 RM 35 RM 35 RM 35 RM 35 RM 35 RM 35 RM 35 RM 35 RM 45 RM 45 RM 45 RM 45 RM 45 RM 45 RM 45 RM 45 a) If the equilibrium GDP for a private closed economy is RM550 million (see table above), what is the change in equilibrium GDP caused by the additional net exports when the private close economy is open? b) At an original RM35 million level of exports, what would be net exports and the equilibrium GDP if imports were RM10 million greater at each level of GDP? c) Explain how sticky prices relate to the aggregate expenditure model. d)…calculate operating surplus and net exports wages and salaries 2400 domestic income 4000 gross domestic fixed capital formation 1000 mixed income of self employed 400 private final consumption expenditure 2000 net factor income from abroad 200 net indirect taxes 150 government final consumption expenditure 1000 consumption of fixed capital 100 profit 500 change in stock 10020 GDP in an economy is $12,050 billion. Consumer expenditures are $8,500 billion, government purchases are $1,900 billion, and gross investment is $1,410 billion. Net exports must be
- (1f) If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is: $25,000 billion. $32,000 billion. $8,000 billion. (1g) For productivity to increase the total number of hours worked has to increase. the value of the production per hour worked has to increase. the total production or output has to increase. (1a) The Helper Company’s customer service representatives received new computers and training on how to utilize them best. In regards to measuring productivity, these new computers and updated technology knowledge have increased profit for the Helper company. increased capital deepening for the Helper company. increased costs for the Helper company. (1b) Of the following examples, which one has little or no effect on labor productivity? The frequency of business cycles. (my guess) Technological change. The quality and quantity of available capital resources. (1c) What can you conclude when a nation’s production possibilities frontier shifts outward?…Further background: • China primarily exports electrical equipment. This would include computers and optical and medical equipment. It's also a big exporter of low-cost apparel, fabric, and textiles. A lot of China's exports are manufactured products made for U.S. companies. These companies pay to ship raw materials to China. There the low-cost factory workers process the materials into the final product. The top import categories in 2017 were: electrical machinery ($147 billion), machinery ($110 billion), furniture and bedding ($32 billion), toys and sports equipment ($26 billion), and plastics ($16 billion). • Almost 75 percent of Canada's exports go to the United States. Canada has abundant supplies of oil, gas, and uranium. Its main exports include oil, vehicles and wood. The top import categories in 2017 were: mineral fuels ($73 billion), vehicles ($56 billion), machinery ($21 billion), special other (returns) ($14 billion), and plastics ($11 billion). • Mexico sends…Question 1 Gross domestic product is the market value of all: O final goods and services produced by a country's citizens, wherever located, in a year final goods and services produced within a country in a year O goods and service sold within a country in a year O all goods and services produced within a country in a year
- The net national product (NNP) is the: A. difference between gross domestic product and net income of foreigners. B. difference between gross domestic product and depreciation. C. difference between gross national product and depreciation D. sum of gross domestic product and depreciation E. sum of gross domestic product indirect business taxesQq.45. Subject :- EconomyPrivate consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure (I) 60 Subsidies 5 Government Expenditure (G) 40 Transfer payments to households 10 Exports (X) 35 Personal Income Taxes 25 Imports (M) 30 Undistributed dividends 5 Net factor income from the rest of the world 5 Depreciation 5 Find Net National Product and Disposable Income