sing the data in the table, gross domestic product equals O A. $2,150. OB. $1,920. OC. $2,400. OD. $1,940. ..) Corporate profits Net interest Indirect taxes less subsidies Depreciation Compensation of employees Proprietor's income Rental income Personal consumption expenditures Government expenditure on goods and services Net exports of goods and services $200 150 230 250 1,350 150 70 1,400 500 40
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- One day, Barry the Barber, Inc., collects $400 forhaircuts. Over this day, his equipment depreciates invalue by $50. Of the remaining $350, Barry sends $30to the government in sales taxes, takes home $220 inwages, and retains $100 in his business to add newequipment in the future. From the $220 that Barrytakes home, he pays $70 in income taxes. Based onthis information, compute Barry’s contribution to thefollowing measures of income.a. gross domestic productb. net national productc. national incomed. personal incomee. disposable personal incomee the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billonNational Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal Income
- The four categories of income in the economy are: wages, rent, interest, profit O consumption, investment, government spending, net cxports O consumption, saving, taxcs, government spending O labor, land, capital. tcchnologyQuestion # 6 Based on the following data for a hypothetical economy Millions Wage and salaries Government Purchases Exports Rental Income Profit Interest Consumption and spending Imports Private investment Spending $6000 $2000 $2650 $450 $1600 $1000 $4800 $2400 $2000 a. Calculate the GDP using expenditure approach: b. Calculate the GDP using income approach: c. Suppose that in the next vear export deerease to 1650 million. Import increase to 3400 million and consumption falls to 2800 million. What will the GDP be in that year?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 Reactana
- II FBSU E-Learning English (en) - P Flag question Oc investors Time left 1:27:15 Finish at O d. government Question 6 Bill's income is $1,000 and his net taxes are $250. His disposable income is Not yet answered Select one: Marked out of O a. $750 1.00 P Flag question O b. $650 O c., $1250 O d. -$350 Che follo EXCEPT Quetion 7Goverment spending Social Security contributions Corporate taxes Personal income taxes Rent Wages 231 Consumption expenditures 250 Gross Private Domestic Investment 40 Select one: 50 20 5 8 54 OA. 228. B. 155. 301. 84. Using the above table, the Personal Income (Pl) for the country is O C. D. Profit Indirect business taxes Imports Exports Interest Depreciation Gove mment transfer payments 8953565 28 10 10Which of the following are counted in this year’sGDP? Explain your answer in each case.a. Flashy Car Company sold a used car.b. Juanita Jones cooked meals for her family.c. IBM paid interest on its bonds.d. José Suarez purchased 100 shares of Microsoftstock.e. Bob Smith received a welfare payment.f. Carriage Realty earned a brokerage commissionfor selling a previously owned house.g. The government makes interest payments topersons holding government bonds.h. Air and water pollution increase.i. Gambling is legalized in all states.j. A retired worker receives a Social Securitypayment.
- Net taxes are taxes paid minus O A. subsidies O B. consumption expenditure of households O C. capital expenditure D. cash benefits received from governmentsSuppose a closed economy has a national income of $260 milion. $535 midon in private savings, $200 millon worth of tax evenue, and $150 milion in govemment spenting what is the consumprion expenditure in this economy? Os125 milion Os155 milion OS385 mition Ossa5 milion OS645 milionBillion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450