For a certain economy, let the following data is measured in million birrNet foreign expenditure (3,000) Wage and salary of labors (8,000)Government Transfers to Individuals (3000)Rent of land and physical capitals (6.000) Government expenditure (10,000)Domestic consumption expenditure (12,000)Dividends (2,000)Interest of saving and financial capital (4,000)Profit of proprietor (sole proprietorship and partnership firms) (3.000) Undistributed corporate profit (corporate income tax + dividend +retained earning) (5,000)Indirect business tax (VAT, sales tax, excise tax) (7.000) Net Interest (public and personal) (7.000)Depreciation of fixed capital (2,000)Population number in million (9,000)Statistical discrepancy (error in measuring) (+1,000) Business Investment expenditure (11.000)Net factor income (4,000)Social Insurance Contributions (5,000)Personal Interest on Income (5,000)Personal income tax and non-tax payments (6,000)A) Calculate GDP using income approach B) Calculate GDP using expenditureapproachC) Calculate GNPD) Calculate NDPJ) GDP per capitaE) Calculate NNPF) Calculate NIG) Calculate PIH) Calculate DPI 6. For a certain economy, let the following data is measured in million birrNet foreign expenditure (3,000)Wage and salary of labors (8,000)Government Transfers to Individuals (3000)Rent of land and physical capitals (6,000)Government expenditure(10,000)Domestic consumption expenditure (12,000)Dividends (2,000)Interest of saving and financial capital (4,000)Profit of proprietor (sole proprietorship and partnership firms) (3,000)Undistributed corporate profit (corporate income tax + dividend +retained earning)(5,000)Indirect business tax (VAT, sales tax, excise tax) (7,000)Net Interest (public and personal) (7,000)Depreciation of fixed capital (2,000)Population number in million (9,000)Statistical discrepancy (error in measuring) (+1,000)Business Investment expenditure (11,000)Net factor income (4,000)Social Insurance Contributions (5,000)Personal Interest on Income (5,000)Personal income tax and non-tax payments (6,000)A) Calculate GDP using income approachGDP using expenditureE) Calculate NNPB) CalculateF) Calculate NIapproachG) Calculate PIC) Calculate GNPH) Calculate DPID) Calculate NDPI) CalculateJ) GDP per capita

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ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.3P

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For a certain economy, let the following data is measured in million birr Net foreign expenditure (3,000) Wage and salary of labors (8,000) Government Transfers to Individuals (3000) Rent of land and physical capitals (6.000) Government expenditure (10,000) Domestic consumption expenditure (12,000) Dividends (2,000) Interest of saving and financial capital (4,000) Profit of proprietor (sole proprietorship and partnership firms) (3.000) Undistributed corporate profit (corporate income tax + dividend +retained earning) (5,000) Indirect business tax (VAT, sales tax, excise tax) (7.000) Net Interest (public and personal) (7.000) Depreciation of fixed capital (2,000) Population number in million (9,000) Statistical discrepancy (error in measuring) (+1,000) Business Investment expenditure (11.000) Net factor income (4,000) Social Insurance Contributions (5,000) Personal Interest on Income (5,000) Personal income tax and non-tax payments (6,000) A) Calculate GDP using income approach B) Calculate GDP using expenditure approach C) Calculate GNP D) Calculate NDP J) GDP per capita E) Calculate NNP F) Calculate NI G) Calculate PI H) Calculate DPI

6. For a certain economy, let the following data is measured in million birr
Net foreign expenditure (3,000)
Wage and salary of labors (8,000)
Government Transfers to Individuals (3000)
Rent of land and physical capitals (6,000)
Government expenditure
(10,000)
Domestic consumption expenditure (12,000)
Dividends (2,000)
Interest of saving and financial capital (4,000)
Profit of proprietor (sole proprietorship and partnership firms) (3,000)
Undistributed corporate profit (corporate income tax + dividend +retained earning)
(5,000)
Indirect business tax (VAT, sales tax, excise tax) (7,000)
Net Interest (public and personal) (7,000)
Depreciation of fixed capital (2,000)
Population number in million (9,000)
Statistical discrepancy (error in measuring) (+1,000)
Business Investment expenditure (11,000)
Net factor income (4,000)
Social Insurance Contributions (5,000)
Personal Interest on Income (5,000)
Personal income tax and non-tax payments (6,000)
A) Calculate GDP using income approach
GDP using expenditure
E) Calculate NNP
B) Calculate
F) Calculate NI
approach
G) Calculate PI
C) Calculate GNP
H) Calculate DPI
D) Calculate NDP
I) Calculate
J) GDP per capita

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

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