ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 6, Problem 1.3P
Sub-part
A
To determine
The value of Gross private domestic investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating
Sub-part
B
To determine
The value of net investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating gross domestic product (GDP).
Sub-part
C
To determine
Whether intermediate goods are counted in gross investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating gross domestic product (GDP).
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Question 4
Calculate the net value added at the market price of a firm:
Sale - 400Change in stock - (-20)
Depreciation - 30
Net indirect taxes - 40
Purchase of machinery - 200
Purchase of an intermediate production - 250
Calculate the value of output.
7-
The__________refers to the sum of all current incomes received by the individuals or households from all sources within the domestic territory of a country during an accounting year.
a.
National income
b.
Private income
c.
Personal income
d.
Passive income
16-
Which one of these will be deducted from gross output to determine the net output?
a.
Intermediate consumption
b.
Private income
c.
Factor income from abroad
d.
Total government spending
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