I. The sale of a house from an existing homeowner to anincoming homeowner in a subdivision is included in thecomputation of GDPII. The purchase of stocks and bonds is not included in thecomputation of GDPIII. Broker's commissions for the sale of financialinstruments is included in the computation of GDPIV. The lawyer's fees to facilitate the transfer of title of anexisting house from one homeowner to another isincluded in the computation of GDPO Only Statement Il is falseO Only Statement I is falseAll Statements are falseOnly Statements III and IV are trueO All Statements are true

Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Answered: I. The sale of a house from an existing…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 3P

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The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…
The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…
Depreciation 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.
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 Profits
The data below shows the components of country A’s national income in 2015. S/NO ITEMS IN MILLION GHȼ I Net Domestic Capital Formation 500 II Compensation of Employees 1850 III Depreciation 100 IV Government Final Consumption Expenditure 1100 V Private Final Consumption Expenditure 2600 VI Rent 500 VII Dividend 200 VIII Interest 650 IX Net Export -100 X Profit 1100 XI Net Factor Income From Abroad -50 XII Indirect Tax 250 XIII Subsidies 200 Using the expenditure and the income based approaches, calculate Gross domestic product at market price Gross national product at market price Gross national product and Net national product at factor cost
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?
Discuss the shortcomings of Gross National Product as an indicator of financial well-being
GDP in an economy is $4,600 billion. Consumer expenditures are $3,500 billion, government purchases are $900 billion, and gross private domestic investment is $400 billion. Net exports are: +$400 billion B -$400 billion c +$200 billion d $-200billion
Suppose that net national product in 2018 was $50 billion and depreciation was $15 billion. Gross national product in 2018 was: $35 billion -$35 billion $65 billion $55 billion
Differentiate between GNP and GDP.Also Find out GNP at factor cost of thegiven data.The net domestic product at market price of an economy is Rs.4500cr. Thecapital stock worth Rs.4000cr and it depreciates at the rate of 10% per annum. Netindirect tax amount to Rs.130cr,factor income from rest of the world is 400cr. And torest of the world is 600 cr.

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