EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Question
Chapter 2, Problem 5NP
(a)
To determine
To calculate: the consumption level in the economy from the given information.
(b)
To determine
To calculate: the net exports in the economy from the given information.
(c)
To determine
To calculate: the Gross Domestic Product in the economy with the use of given data.
(d)
To determine
To calculate: the net factor payments from other countries with the use of given data.
(e)
To determine
To calculate the Private savings with the use of given data.
(f)
To determine
To calculate the Government saving with the use of given data.
(g)
To determine
To calculate: National saving with the use of given data.
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Students have asked these similar questions
Given the following information:
Millions $
Import of goods and services
298.00
Gross Investment
50.80
Subsidies
16.50
Gross domestic product at market prices
1,660.70
Export of goods and services
270.30
Income payments to foreigners
19.20
Government consumption expenditure
500.10
Indirect taxes
290.50
Factor payments from abroad
8.90
Capital consumption allowance
12.00
Derive the following showing all calculations:
i)
National Income
ii)
Net Investment
iii)
The size of the Balance of Payments surplus or deficit
The following are the National Income Account data of the Philippines (figures are in Billions of Pesos).
17
Merchandise Imports
Personal Consumption Expenditure
Net Factor Income from Abroad
Capital Consumption allowance
Merchandise Exports
Transfer Payments
217
7
15
19
32
Net Private Domestic Investment
8
Indirect Business Taxes
39
Personal Taxes
4
Social Insurance Contributions
10
Undistributed Corporate Profits
Dividends
15
Government Expenditure
51
Corporate Income Tax
11
Calculate the Gross private domestic investment.
Calculate the Net exports.
Calculate the Gross Domestic Product.
Calculate the Corporate profits.
Consider the following data (in billion $) for a country in a particular year: (assume this country has Zero Transfer Payment
Personal consumption expenditure (C)
200
Exports (x)
10
Government Purchases of goods and services (G)
120
Imports (m)
15
Gross Domestic Product (Y)
1800
Taxes
20
d. What is the value of gross investment?
e. What is the value of net export?
f. Is the country lending to or borrowing from rest of the world?
g. Dose the government has deficit, balance or surplus budget?
h. What is the amount of investment financed by national saving?
i. What is the amount of investment financed by borrowing from rest of the world?
J. What is the meaning of transfer payment
Chapter 2 Solutions
EBK MACROECONOMICS
Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQ
Ch. 2 - Prob. 1NPCh. 2 - Prob. 2NPCh. 2 - Prob. 3NPCh. 2 - Prob. 4NPCh. 2 - Prob. 5NPCh. 2 - Prob. 6NPCh. 2 - Prob. 7NPCh. 2 - Prob. 8NPCh. 2 - Prob. 9NPCh. 2 - Prob. 1APCh. 2 - Prob. 2APCh. 2 - Prob. 3APCh. 2 - Prob. 1WWMDCh. 2 - Prob. 2WWMDCh. 2 - Prob. 3WWMDCh. 2 - Prob. 4WWMDCh. 2 - Prob. 5WWMDCh. 2 - Prob. 6WWMD
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