Net investment equals O gross investment plus depreciation. O gross investment minus depreciation. O capital plus depreciation. O new capital plus old capital. O the amount of national wealth.
Q: In 2016 final sales equal $40o billion, and the change in business inventories is $100 billion. GDP…
A: Information given is:- Final sales = $400 billion Change in business inventory = $100 billion
Q: The money spent on domestically produced final goods and services is: O a) equal to GDP. b)…
A: Answer: The money spent on the domestically produced final goods and services is equal to GDP. GDP…
Q: Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and…
A: Given: GDP of country=50 million Net factor income from abroad=20 million Depreciation=10 million
Q: The folowing are national income account data for a hypothetical economy in billions of dollars:…
A: Given, gross private domestic investment ($320) imports ($35) exports ($22) personal consumption…
Q: One key difference between national income and net domestic product is Select one: O a. net domestic…
A: We know that the Net domestic product (NDP) can be defined as the total market value of all the…
Q: Answer the next question on the basis of the following data. All figures are in billions of dollars.…
A: In an economy, consumption of fixed capital is also known as depreciation and it is the difference…
Q: If the nominal GDP was $350 Billion but the real GDP is $2.2 Trillion. Select all that apply O The…
A: Nominal GDP = $350 billion Real GDP = $2.2 trillion
Q: Suppose a US-owned firm in Canada imported S1000 worth goods from China in 2018. This company ended…
A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…
Q: The participation of women in the U.S. labor force has risen dramatically since 1970. True or False:…
A: Here, it is given that the US had experienced an increase in the number of women in the labor force…
Q: Personal Consumption Expenditures $620 Saving Government Purchases 50 200 Net Domestic Product 750…
A: Disposable Income is the difference between personal income and personal income tax.
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Factors of production: - The inputs that are used to produce goods and services known as the factors…
Q: 15) The value of goods added to a firm's inventory in a certain year is treated as investment, since…
A: Gross domestic product is the market value of all goods and services produced in an economy in a…
Q: Net domestic product is equal to gross domestic product net of: OA. Inflation. O B. Indirect taxes.…
A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…
Q: Transfer payments are O a excluded when calculating GDP because they only refiect inflation Ob…
A: GDP is an important measure of economic strength of every country that reflects the value of goods…
Q: - The following is known about Ekonland: Personal Taxes 40 Government Purchases 90 Social Security…
A: Gross Domestic Product (GDP) is the sum total of market value of final goods and services produced…
Q: When Ellen buys a new computer for her accounting business, it is included in gross domestic product…
A: GDP measures the value of goods and services produced in an economy within the borders of the…
Q: Which of the following equals the change in an economy's capital stock from one period to the next?…
A:
Q: . Which of the following is NOT included in Gross Domestic Product or GDP: O financial assets like…
A: The gross domestic product (GDP) refers to a measure of economic growth and economic well-being. It…
Q: Question 43 Over the last 50 yearn, interent rates have risen before each recession and have fallen…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: given. The gross national product (GNP) in billions of TL is .. TL Billions Government purchases…
A: GNP = Government Purchases + Service Consumption + Non Residential Investment + (Export - Import) +…
Q: Which of these items will increase the level of national income? O a. Higher gross output O b. Lower…
A: In an economy, national income include all the domestic income as well as factor income from abroad.…
Q: The production of Mercedes Benz factory in Egypt is calculated with in: O a. Egypt's GNP b.…
A: Gross domestic product of a country is the sum of money value of goods and services produced in a…
Q: GDP is: O the value of all final goods and services produced domestically. the value of all final…
A: Final goods are those goods that are directly consumed by the consumers. Intermediate goods are…
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Statisticians and economists apply different methods to trace growth of economy. The most common and…
Q: 19. If consumption in Vavaland was 70 per cent of GDP and investment and government expenditure were…
A: GDP is the sum of consumption, investment, government expenditure and net exports.
Q: 14. Gross Domestic Product equals $1.2 trillion. If consumption equals $660 billion, investment…
A: Given information, GDP (Y): $1.2 trillion Consumption (C): $660 billion Investment (I): $220…
Q: Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at…
A: a) Gross value added by sector Y = Sales by Y + Closing stock of Y - opening stock of Y - Purchase…
Q: How does U.S. gross domestic product (GDP) differ from U.S. gross national product (GNP)? Select…
A: Domestic Product is the value of goods and services which are produced by residents and non…
Q: Find the value of output if the given sales is $80 and the change in stock is $15??? National…
A: Generally in the given question, Sales amount is = $80 Change in the stock = $15 Value of output…
Q: Which of the following statements are correct? Select one or more: O a. Government spending on goods…
A: GDP The Gross Domestic Product (GDP) basically refers to the sum of all the value added in a given…
Q: Which TWO of the following statements are correct? O a. The value of unsold goods that have been…
A: GDP - it is the value of all finished goods and service produced within a country within specific…
Q: Real national income is national income measured in constant (base-period) dollars. It changes only…
A: National income is the income which is earned by the citizens of the country in a particular…
Q: If the value of net exports is negative, then O exports exceed imports. O imports exceed exports. O…
A: Net exports = Exports – Imports
Q: In macroeconomics the term investment mostly refers to O businesses' purchases of new buildings and…
A: Macroeconomics is the branch of economics that deals with issues concerning the economy as a whole.
Q: Which of the following statements is true about GDP as a measure of a country's economic healt?…
A: GDP is the sum of the monetary value of goods and services produce within a country irrespective of…
Q: ompanies often produce more goods in a year than they end up selling. How do the nsold goods impact…
A: GDP measures the market value of goods and services produced within an economy in a given period of…
Q: Question 10 In a closed economy with no government, is consumption plus investment. O saving O real…
A: In closed economy with no government, we have only consumption and investment.
Q: GDP in an economy is $23,600 billion. Consumer expenditures are $18,000 billion, corporate profits…
A: GDP = C+I+G+(X-M) Given information: (required as per the formula) GDP= $23,600 billion Consumption…
Q: he table given below reports the value of different economic variables of a country during a year.…
A: Answer: Gross investment; gross investment is the sum of net investment and depreciation.…
Q: If GNP is $600 billion, receipts of factor income from the rest of the world are $50 billion, and…
A: Answer Explanation GNP =600, Net factor income from the ROW =( Factor income from the ROW Factor…
Q: Suppose that net investment in 2016 was $24 billion and depreciation was $4 billion. Gross…
A: Gross Investment is alluded to as the all-out use that is made for purchasing capital merchandise…
Q: Other things remaining the same, the lower the real interest rate, the investment and the is the…
A: The low real interest rate is favorable for consumption and investment expenditure. The aggregate…
Q: QUESTION 19 Transfer payments are O a. excluded when calculating GDP because they only reflect…
A: * ANSWER :- * The OPTION B (excluded when calculating GDP because they do not reflect current…
Q: Which of the following is a sign that an economy is in poor health? a) a prolonged decline in total…
A: the correct option is a A prolonged decline in total output A prolonged decline in total output…
Q: The nominal GDP of the U.S. in 2019 was approximately $21.4 trillion. This means that The value of…
A: In nominal GDP, the gross domestic product (GDP) is calculated using current market prices. GDP is…
Q: Calculate the value of consumption of fixed capital from the following:- NNP at FC = 4,000 GDP at…
A: The given information is as follows:- NNP at FC = 4,000 GDP at MP = 5,000 Net indirect taxes = 300…
Q: Gross domestic product per capita is the total income of everyone in a year, divided by population.…
A: Per capita income is the income of the country i.e., GDP divided by the population. This will give…
Q: Quèstion 2 Real Domestic Product, GDP ($B) Investment ($B) Refer to the diagrams. Other things…
A: Curve A is downward sloping that shows the negative relationship between interest rate and real…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016. In which quarter(s) does(do) the value of the shoes add to U.S. GDP? O the third but not the second quarter O the second quarter but not the third quarter O the second and third quarters O neither the second nor the third quarter Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Suppose that an auto company owned entirely by US citizens opens a new factory in Canada. a) What sort of foreign investment would this represent? Explain. b) What would be the effect of this investment on Canadian GDP? would the effect of this investment on Canadian GNP and US GNP be larger or smaller? Hints: differences between GDP and GNP.
- Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70GDP in an economy is $23,600 billion. Consumer expenditures are $18,000 billion, corporate profits are 600 billion, government purchases are $6,000 billion, and gross private domestic investment is $300 billion, stock purchases are $500 billion. What is the value of the net exports? O+$400 billion O-$700 billion O-$1.800 billion O-$300 billion O+$500 billionAbstract: Under Economic Growth mean constantly increasing volume of production in a country, or an increase in gross domestic product as the main quantitative indicators of production for a period of one year. Economic development is not only quantitative changes when it comes to the economic position of the country, but also qualitative changes (changing the economic structure, the emergence of new sectors and industries, new jobs, etc..). They lead to a better and more complete satisfaction of all human needs. Production per capita is a measure of the ability of a society to achieve their goals of social and economic development, all in order to meet the constantly growing social needs. The increase in output per capita in economic theory is expressed as economic growth, without which no economic development, but does not have any economic growth to be a function of economic development. Keywords: Growth, Development, Investment, Economy,…
- National Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal IncomeIn the GDP equation, business spending is referred to as: O Consumption Investment O Government O Net Exports16. If South Africa’s GDP is greater than its GNI, then the income earned by foreign owners of companies and foreignworkers in South Africa is ________ the income earned by South Africans who have invested, or who areworking, abroad. (4 marks)A Greater thanB Added toC Subtracted fromD Less than
- Suppose an economy produces only 2 products that will also be used for directconsumption, as per the article at the end of the exam: chicken wings and donuts. Inthe second quarter of 2021 (the base period), 180,000 pounds of chicken wings wereproduced, at a value of $3.50 per pound, while in the second quarter of 2022,production of chicken wings increased to 200,000 pounds, at a value of $3.75 perpound. In the second quarter of 2021 (the base period), 85,000 donuts were producedat a value of $0.85 per donut, while in the second quarter of 2022, donut productionincreased to 100,000 donuts, each at a value of $0.95 per donut. The population inthis economy is 1000 individuals in 2022, while the number of hours worked in 2022is 5000. Also, the quantities that were produced in 2021 represent the quantities thatwere purchased by the typical household, meaning that everything that was producedwas sold.d. Solve for the amount of labor productivity in the second quarter of 2022.e. Solve for the…What is Gross Domestic Product if investment spending is $1,879.99, households receive $170.17 in net interest income, wages equal $13,555.17, rental receipts on land are $1, total business profits before taxes are $1,611.03, and indirect business taxes are $1,329.47? Assume all other types of income and depreciation are zero and that other values for potential components of GDP are unknown for this example. Round your answer to two digits after the decimal.Find the value of output if the given sales is $80 and the change in stock is $15??? National income