Use the data below to calculate the following:I. Personal Income II. Disposable IncomeIII. Net National Income at basic priceCompensation of employees2000interest500rent700Profits800Employer’s contribution to social security20Consumption of fixed capital100Net indirect tax250Net exports70Net factor income to abroad150Mixed income of self employed1500Net current transfers from the rest of the world250Current transfers from the government100Subsidies25

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

Answered: Use the data below to calculate the…

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 12SQ

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Question Use the data below to calculate the following:I. Net National Income at basic price II. Personal IncomeIII. Disposable Income Compensation of employees 2000Interest 500Rent 700Profits 800Employer’s contribution to social security 20Consumption of fixed capital 100Net indirect tax 250Net exports 70Net factor income to abroad 150Mixed income of self employed 1500Net current transfers from the rest of the world 250Current transfers from the government 100Consumption of fixed capital 200Subsidies 25
Use the following table, based on BEA data from the first quarter of 2013 (billions of dollars), to calculate items (a) and (b): a) Other income b) Net factor income Compensation of employees 8,737 Corporate profits 2,021 National income 14,313 Gross domestic product 16,535 Gross national product 16,772 Factor income to the rest of the world 237
b. Use the data below to calculate the following: I. Gross National Product at Market Price II. Gross National Disposable IncomeIII. Net National Income at basic price IV. Net National Income at basic priceV. Personal Income VI. Disposable Income Compensation of employees 2000 Interest 500 Rent 700 profits 800 Employer’s contribution to social security 20 Net indirect tax 250 Consumption of fixed capital 100 Net Exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Subsidies 25
Which of the following is included in personalincome but not in national income?a. Compensation for workersb. Proprietors' incomec. Corporate profitsd. Social Security payments
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
Find net factor income from abroad if national income is $20,000 million and NDPFC is $13000 million
Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool.
Q8.3) Income and wealthIncome is the flow of value generated from assets over a period of time and wealth is a stockvalue of assets at a given moment in time. Why do you think other segments of our country,especially rural areas, squatter camps, downtown and townships find it hard to move out ofabsolute and extreme poverty, and fail to generate income and wealth?
Calculate the value of net national income (NNI) at factor cost.
How should the following activity be treated in estimating national income of a country. Give specific reason for it. # Taking care of aged person
Factor income from abroad is ____________. a. Included in the GDP b. Not included in the GDP c. Similar with the GDP d. Similar to exports
Explain 4 limitations that National Income Statistics have in determining a country's economic welfare

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Compensation of employees	2000
interest	500
rent	700
Profits	800
Employer’s contribution to social security	20
Consumption of fixed capital	100
Net indirect tax	250
Net exports	70
Net factor income to abroad	150
Mixed income of self employed	1500
Net current transfers from the rest of the world	250
Current transfers from the government	100
Subsidies	25