Please help with this, thank you :)
Homework Answers
National income = wages + rent + interest + profit + proprietor income
= 9560 + 409 + 1024 + 2049 + 615
= $13657 billion
Select $13657 billion
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Please help with this, thank you :)
Use the following table to answer the next question....
The table below shows the values for several different components of GDP Value (billions of dollars)...
The table below shows the values for several different components of GDP Value (billions of dollars) 266 Personal consumption expenditures Net foreign factor income Transter payments Rents Consumption of fixed capital (depreciation Statistical discrepancy Social Security contributions Interest Proprietors' income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits 15 12 10 23 12 16 263 16 46 61 Government purchases Net private domestic investment Personal saving 10...
How to calculate personal savings. NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3:...
How to calculate personal savings.
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion S 150 billion S 500 billion S 500 billion S 800 billion $ 150 billion $9,000 billion $900 billion d. 9,900 bi1lion 3. Personal saving is equal to a. $1,000 billion b. $900 billion c. $100 billion d. $50 billion 4. Disposable income is...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars $2,300 Gross private domestic investment Depreciation Exports $1,987 $3,120 $200 $4,521 Imports Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items Income received from other countries $6,300 $1,341 $1,118 $1,022 $8,174 $1,895 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $365...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment Depreciation $1,700 $1,387 Exports $2,320 Imports $1,500 $3,921 Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items $5,700 $741 Income received from other countries $518 $422 $7,574 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $1,295 $35...
National Product and Income Accounts (Please i want the steps! ) Given the following information, answer...
National Product and Income Accounts (Please i want the steps! ) Given the following information, answer the next four questions: Personal consumption expenditures 241 Transfer payments 12 Statistical discrepancy 1 Rents 14 Depreciation (capital consumption allowance) 27 Net interest 12 Net exports (X-M) 11 Compensation of employees (wages) 223 Indirect business taxes 18 Profits (Corporate and proprietors’ income) 89 Government purchases 72 Gross...
Use the following table to answer the next question. The following national income data for an...
Use the following table to answer the next question. The following national income data for an economy is in billions of dollars. Consumption $5,100 Investment =1,100 Transfer payments=1,050 Government purchases = 1,400 Exports = 850 Imports = 950 Net foreign factor income = 20 What are the net exports for this economy? a) 5950 billion b) $850 billion - $100 billion d) $100 billion Question 2 (4 points) е п
40 Use the following table to answer the next question. GDP figures are in billions of...
40 Use the following table to answer the next question. GDP figures are in billions of dollars. Year Nominal GDP Real GDP Price Index 5,200 4,800 5,500 5 ,750 5,000 T -- 3 eBook What was real GDP in year 2? Print Multiple Choice 0 $4,820 billion 0 $4,875 billion 0 $4,911 billion 0 $5,320 billion
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure...
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
only need help on 3 NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3:...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national income fiqures for a certain voar. All fiqures are in billion The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. nts Category Value Category Value Personal consumption expenditures. $245 Personal saving 20 Net foreign...
The table below shows the values for several different components of GDP Value (billions of dollars) 266 Personal consumption expenditures Net foreign factor income Transter payments Rents Consumption of fixed capital (depreciation Statistical discrepancy Social Security contributions Interest Proprietors' income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits 15 12 10 23 12 16 263 16 46 61 Government purchases Net private domestic investment Personal saving 10...
How to calculate personal savings.
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion S 150 billion S 500 billion S 500 billion S 800 billion $ 150 billion $9,000 billion $900 billion d. 9,900 bi1lion 3. Personal saving is equal to a. $1,000 billion b. $900 billion c. $100 billion d. $50 billion 4. Disposable income is...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars $2,300 Gross private domestic investment Depreciation Exports $1,987 $3,120 $200 $4,521 Imports Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items Income received from other countries $6,300 $1,341 $1,118 $1,022 $8,174 $1,895 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $365...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment Depreciation $1,700 $1,387 Exports $2,320 Imports $1,500 $3,921 Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items $5,700 $741 Income received from other countries $518 $422 $7,574 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $1,295 $35...
Use the following table to answer the next question. The following national income data for an economy is in billions of dollars. Consumption $5,100 Investment =1,100 Transfer payments=1,050 Government purchases = 1,400 Exports = 850 Imports = 950 Net foreign factor income = 20 What are the net exports for this economy? a) 5950 billion b) $850 billion - $100 billion d) $100 billion Question 2 (4 points) е п
40 Use the following table to answer the next question. GDP figures are in billions of dollars. Year Nominal GDP Real GDP Price Index 5,200 4,800 5,500 5 ,750 5,000 T -- 3 eBook What was real GDP in year 2? Print Multiple Choice 0 $4,820 billion 0 $4,875 billion 0 $4,911 billion 0 $5,320 billion
2. Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. 3,200 1,500 Government purchases of goods and services Consumption 11,500 Compensation of employees 9,100 Business structures and equipment investment Residential investment 500 R&D expenditures 200 Corporate profits 1,500 Rent 300 Interest 1,000 Proprietors income 200 Change in business inventories -100 Taxes on production and imports 2,000 Government transfer payments 1,800 Exports 1,500 Imports 2,000 Depreciation 2,000...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
apter 7 Homework Saved Help Save & Exit Submit Check my work 5 Below is a list of domestic output and national income fiqures for a certain voar. All fiqures are in billion The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. nts Category Value Category Value Personal consumption expenditures. $245 Personal saving 20 Net foreign...
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