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1) Refer to Table 1. The value for GNP in billions of dollars is
A) 990.
B) 1,050.
C) 1,080.
D) 1,200.
2) Refer to Table 1. The value for
A) 970.
B) 1,030.
C) 1,060.
D) 1,200.
3) Refer to Table 1. The value for disposable personal income in billions of dollars is
A) 890.
B) 920.
C) 970.
D) 1,020.
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- 58 minutes ago Detions V ot we ep M. ABDEL RAHM.. MMED Heba Mamdouh FFARAH ORAS MARIAM HANY A MERUM YASSER Question 2: MCQ Which of the following would be included in the gross domestic Sroduct of Braza A the profits earned by a U. S owned plant in Brazil Bithe profits earned by a Brazilian coffee company operating in the United States the profits earned by a Brazilian colfee company operating in Peru D the profits earned by U. S suppliers to Brazil operating in the Unite States Bị the profits carned by Peruvian companies operating outside Brazil Paricloants howe Chal ReactanaAgricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com Bb https://.. a SD Bb Bb Bb 1. From the time of George Washington's presidency to the present, the percentage of the average American's income that goes to pay taxes A. has decreased from about 20 percent to about 10 percent. has decreased from about 50 percent to about 25 percent. C. has remained constant at about 10 percent. D. has risen from less than 2 percent to above 45 percent. Е. В. has risen from less than 5 percent to above 25 percent. 2. According to the textbook, which of the following statements is (are) correct for the United States? (x) The individual income tax and the payroll tax are the two largest sources of revenue for the U.S. federal government. (y) Corporate income taxes and excise taxes make up more than 30 percent of the tax revenue for the U.S. federal government. (z) In general, the two most important taxes for state and local governments in the U.S are sales taxes and property taxes. А. (x), (y)…
- a greatera smallerdecrease in government spendingdecrease in net taxesincrease in government spendingincrease in net taxesnono change in government spendingno change in net taxesY S G X-IM 935 -250 320 40 70 2,100 320 140 40 3,220 250 320 200 -150 4,800 375 320 240 -185 5,320 650 320 320 - 340 6,300 825 320 340 -340 Assume taxes are equal to zero. What is the equilibrium level C for the above economy? 4,425 4,800. 5,175. 4,010.Using the information provided on the income tax systems in two hypothetical countries, Country A and Country B, complete the following tables.Country ACountry BTaxable Income (Dollars) Tax Liability (Dollars) Taxable Income(Dollars) Tax Liability (Dollars )20,0002,000.0020, 000$2,00040, 00010, 000.0040,000 $4,00060,00024,000.0060, 000$6,000Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to $40,000 and $40,000 to $ 60,000 for each country.Taxable Income Range Country A Marginal Tax Rate Country B Marginal Tax Rate( Dollars)(Percent)(Percent) 20,000 to 40,00040,000 to 60,000Complete the following table by deriving the average tax rates at each income level for each country.Taxable Income (Dollars)(Percent) Country A Average Tax Rate Country B Average Tax Rate(Percent )20,00040, 00060,000
- Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 2a. Compute the weights of each of PCE, GPDI, NX and GOV) in GDP 2b. Consider the following rates of change (%) for each of the above items. % change PCE 10.70% GPDI -5.00% NX -6.80% GOV 6.30%Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 1. Write the formula for GDP Compute the following: 2. Personal Consumption Expenditures (PCE): 3. Gross Private Domestic Investment (GPDI) 4. Net Exports (NX) 5. Government Expenditures (GOV) 6. GDPWhat are some fiscal policies for improving the technologies that the economy will have to draw upon in the future?
- 7. The following is information from the national income accounts for Ensperanza Island, a country on the Zambezi Ocean. Figure 1.1 Ensperanza Island GDP К 6000 Gross Investment K800 Net Investment К200 Consumption К4000 Government Purchases of goods and services K1100 Government Budget surplus K30 Use the information in figure 1.1 to answer the following question. Calculate: (i) NDP (ii) Net Exports (ii) Government taxes minus transfers? (iv) Disposable personal income?Imagine that the U.S. economy finds itself in the followingsituation:agovernmentbudgetdeficitof$100 billion, total domestic savings of $1,500 billion, and total domestic physical capital investment of $1,600 billion.Accordingtothenationalsavingandinvestment identity,whatwillbethecurrentaccountbalance?What willbethecurrentaccountbalanceifinvestmentrisesby $50billion,whilethebudgetdeficitandnationalsavings remain the same?Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources Net Interest Other Functions Undistributed Offsetting Receipts Total 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 290,496 185,702 - 180,820 4,093,989 Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget.