In two sectoral economy reflect if the revenues generated by one sector are equal to the expenditures of the other sector using circular flow diagram.
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In two sectoral economy reflect if the revenues generated by one sector are equal to the expenditures of the other sector using circular flow diagram.
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- In two sectoral economy reflect if the revenues generated by one sector are equal to the expenditures of the other sector using circular flow diagram. (150-500 Word limit)For a consumption dependent economy like Malaysia and the United States, which factor contributes most to their GDP? a. Government spending b. Gross private domestic consumption c. Foreign direct investments d. Net exportsWhy do we need these three approaches which are product, income and expenditure in order to complete GDP?
- )Economic activities in a three-sector hypothetical economy for 2020 are given below. Compute GDP using both the expenditure approach and the factor payment approach. There is no government and no depreciation. a) Agriculture: thousands of self-employed farmers. Manufacture: Sigma Auto, Inc. (a car producing company) Service: Super M (a chain of food market) b)Sigma Automobile produced 2,000 small cars, which it sold at $6,000 each, and 200 trucks, which it sold at $8,000 each. Consumers bought 1600 of the cars, and the remaining 400 cars were exported to abroad. Super Market bought all the trucks. c)Sales at Super M markets amounted to $28 million, all of it sold to consumers. d)Self-employed farmers sell all of their products to Super M.If agriculture accounts for $4,000, industries $5,000 and services $7,000 of total output, determine the following: (i) What is the sectorial shares in gross output of the three sectors (ii) What is the value of gross output & GDP if total intermediate cost is 50% of industrial output?Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Billions Compensation of employees $226.2 U.S. exports of goods and services 19.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments 13.9 U.S. imports of goods and services 16.5 Personal taxes 40.5 Net foreign factor income 2.2 Personal consumption expenditures 249.1 Statistical discrepancy 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ billion b. NDP = $ billion c. NI= $ billion
- Use the flow table and chart for help with answering the following questions. While national income and domestic product must be equal, income must also equal expenditure for each of the six sectors in the circular flow diagram: firms, consumers, government, financial system, investors, and the “rest of the world.” For example, the amount of (1)___________flowing into the consumers sector must equal the amount of (2) _________flowing out of this sector. for 1 the choices are:A. disposable income B. consumption plus saving C. saving D. taxes for 2 the choices are: a. investment spending B. consumption plus saving C. disposable incomoe D. transfers plus government purchasesQ5 a: Analyze how much Pakistan’s GDP and each of its components is affected by the following transactions? Explain your answers (Maximum 200 words). i) Toyota Motors issues new shares to finance the construction of an automobile plant in Pakistan. ii) Your friend wins Rs.2 million in the lottery in Dubai iii) Mohsin spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachi iv) General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38 million worth of them. v) Beena spends 50000 on a computer to use in her editing business in Karachi. She got last year’s model on sale for a great price from a local manufacturer. (Sub parts to solved).Q5 b: Analyze how much Pakistan’s GDP and each of its components is affected by the following transactions? Explain your answers (Maximum 200 words). i) Toyota Motors issues new shares to finance the construction of an automobile plant in Pakistan. ii) Your friend wins Rs.2 million in the lottery in Dubai iii) Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachi iv) General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38 million worth of them. v) Sadia spends 50000 on a computer to use in her editing business in Karachi. She got last year’s model on sale for a great price from a local manufacturer. (Sub parts to solved).
- Guided with the graph, state 2 main reasons why GDP increase and 2 main reasons why GDP decrease in a countrySuppose you are provided with the following information about an economy that consists of just three firms: STEEL COMPANYi. Revenues from sales Rs. 400ii. Expenses (wages) Rs. 340iii. Profits Rs. 60CAR COMPANYi. Revenues from Sales Rs. 1000ii. Expenses1. wages Rs. 5002. Steel Purchases Rs. 400iii. Profits Rs. 100SERVICING COMPANYi. Revenues from Sales Rs. 200ii. Expenses (wages) Rs. 160iii. Profits Rs. 40 (a). Compute the GDP in this economy using the following approaches:1. Final goods approach2. Value-added approach3. Income approachFor the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much This month, a manufacturer in colorado sells $60,000 worth of t-shirts to a distributor in New York City, who sells them to the public. Then the New York distributor buys corporate bonds for a value of $10,,000, which promise to return $9400 one year from now.
