Which of the following Statment is not correct ? a)National income should be equal to the country's money suppl B)A person's income is equal to his or her earnings during the year C)A person's wealth is equal to the value of their assets minus the value of any debts. D)A person's money is equal to what he or she has in currency and in checking accounts.

Q: The Disposable Income (DI) is: Consumption                               $ 1,500 Investment…

A: After financial gain, taxes are deducted; income, additionally called disposable income (DPI), is…

Q: difference between nominal intrest rate and real intrest rate

A: An interest rate lets you know how high the cost of borrowing is, or high the rewards are for…

Q: Assume the following: Government purchases is $120 billion, Depreciation $40 billion, Consumption…

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

Q: If Gross National Product at market prices is RM200 billion, depreciation is RM25 billion and…

A: Given information GNP at market price = RM 200 billion Depreciation = RM 25 billion Indirect taxes =…

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: Explain the Basic Equation of National Income with its genesis meaning.

A: The National Income(NI) is the aggregate sum of pay building to a country from economic activities…

Q: Annie runs a fitness center., On December 31, 2018, she bought an existing business with exercise…

A: Answer: Given, Value of business on December 31, 2018= $500,000 Purchase of new equipment during…

Q: National savings is calculated as the sum of private and public savings. Private savings is equal to…

A: GDP is the market value of final goods and services produced by an economy during a given period of…

Q: Last year, Jane spent all of her income to purchase 200 units of corn at $5 per unit. This year, she…

A: Nominal income does not take prices into account. It is not adjusted for inflation. Real income is…

Q: 1. Bob orders 40 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S.…

A: When Bob orders 40 cases of beer at a price of $40 per case, then the consumption and import can be…

Q: The fresh deposits at the bank is $25000 and the LRR is 20% Calculate the total money created in…

A: LRR refers to legal reserve ratio. It is the percentage of deposits that the banks are required to…

Q: If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000,…

A: The gross domestic income measures the economic activity of a country by summing up the income…

Q: base on the table given calculate the gross domestic product at current prices for each quarter

A: Gross domestic product is the sum total of money value of goods and services produced in an economy…

Q: Nominal GNP is the same as, a. GNP at constant prices b. Real GNP c. GNP at current prices d. GNP…

A: According to the given question In simple words we can say that a Nominal Gross National product…

Q: Year Price of Quantity of bananas kg. Quantity of backrubs Price of Bananas $ backrubs $ 1 1.00 6.00…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Net National Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are…

A: NNPfc = Rs. 1900 crores PDI = Rs.1200 crores Personal income tax = Rs.600 crores Value of retained…

Q: 64: Suppose that in the base year, GNP = $1000 billion. Since the base year, cash GNP has expanded…

A: Here according to the given information, cash GNP implies nominal GDP, while genuine GDP implies…

Q: How is NAIRU supposed to be a "better" definition than "Natural Rate"? Are either of these good…

A: In an economy, the terms Nairu and natural rate of unemployment are used to explain market condition…

Q: B. Name THREE (3) monetary transactions that are excluded from the National Income measurement.

A: NOTE:.We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The value of total goods and services produced entre the country by residence and foreign supplied…

A: Inflation: Inflation is the rise in the general price level of goods and services over a specified…

Q: ( in crores) Contents S.No. 1,000 Coventubjou-pd 20 (i) Wages and Salaries och (ii) Net Current…

A: Generally in the given question Wages and salaries = 1000 Net current transfer to abroad = 20 NNP at…

Q: What relevant aspects of the economy are not reflected in the national income accounting system?

A: National income accounting is a record-keeping system that records the economic activities of a…

Q: Answer the next four questions based on the following data using year 1 as the base year.  All…

A: Consumer Price Index(CPI) is a representative price for all the commonly used goods and services by…

Q: Suppose the price level reflects the number of dollars needed to buy a basket of goods containing…

A: Suppose, the in year one the price of the basket is $7.00 and $6.00 in year two. We can find the…

Q: If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350…

A: In the national income method of calculating GDP, all the expenditures are added, like consumption,…

Q: Gross private domestic investment (Ig) (plus, minus, multiply by, divide by ) depreciation is net…

A: Depreciation: The term deterioration alludes to a bookkeeping strategy used to dispense the expense…

Q: “The existence of non-traded transactions prevents the precise measurement of national income.”…

A: The measure that depicts the final value of goods and services being produced in an economy during a…

Q: Explain why transfer payments are excluded from national income statistics.

A: National income statistics serve a very important purpose for policy makers and economic planners.

Q: The following table shows the national income data for an economy in year 2020. ITEMS RM (Million)…

A: The measure that depicts the final value of goods and services produced in an economy during a given…

Q: Item RM (million) 2) The table above shows the transaction in Pinkland last year: a) Calculate…

A: The income approach is one of the approaches used to calculate GDP.

Q: Your supervisor has requested that you calculate the following ratios, rounded to the nearest…

A:

Q: Calculate personal disposable income if:- Personal income = $31,000 Personal taxes = $16,000…

A: The data presented in the question above is:- Personal income = $31,000   Personal taxes = $16,000…

Q: he Reliable Aircraft Company manufactures small, pleasure-use aircraft. Based on past experience,…

A:

Q: Refer to the accompanying national income data (m billions of dollars) and answer the following…

A: 1) Net exports (NX) = Exports - Imports                           = 1059 - 1483…

Q: Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from…

A: The Gross Domestic Product (GDP) is the value of goods and services produced within the domestic…

Q: 2.In each of the following, calculate private, public and national savings and the national savings…

A: With Given information, We can calculate         Govt savings (public savings) = Tax collections…

Q: The table contains a random selection of items from the National Account of a country. Item UDD…

A: We are authorized to answer three subparts at a time since you have not mentioned which part you are…

Q: Which of the following is NOT a component of Gross Domestic product? Investment. Consumption. Tax…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Given the information in the table below, what is country A's real aggregate product in B$ at…

A: The aggregate product function represents the total output for an economy to the total amount of…

Q: Q5) The following information is extracted from the National Income Accounts of an economy.…

A: Gross Domestic Product (GDP) is the value of goods and services produced in a country within a year.…

Q: Which among the following is creating confusion according to the different authors in the…

A: Transfer payments

Q: Table 24-4. Will's expenditures on food for three consecutive years, along with other values, are…

A: An expenditure is a monetary payment for goods or services made using cash or credit. Unlike a cost…

Q: Q.No.4. Compare and contrast product, income, and expenditure methods of measuring National Income…

A: Product Method In this technique, National Income is estimated as a progression/flow of labor and…

Q: Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports…

A: Nominal gross domestic product for this economy is the value of the economic goods and services…

Q: If gross investment in 2017 is $200 billion and depreciation in 2017 is $1000 billion, net…

A: Net investment is the total sum of money spends upon capital assets minus depreciation by the firms…

Q: Siven the Aggregate Expenditure schedule for Country A below. Calculate national income and net…

A: National income is summation of Consumption,  Investment,  Government expenditure and Net exports.…

Q: Consumption Gross Government Real GDP (after taxes) Investment Net Exports Purchases $0 -$20 $10 $+5…

A: The Gap Between real Gross domestic production and GDP at full employment is known as the…

Q: explain the concept of National income.Also state its features

A: National income is the basic concept of macro economics. It is the total income of all the services…

Q: . Explain briefly one the objective of national income accounting and balance of payment.

A: