Chapter 5 6. National income differs from net national product in that it includes business subsidies....
Chapter 5
6. National income differs from net national product in that it includes business subsidies. What does national income exclude, as opposed to net national product? Explain why.
|
a. |
profits of corporations |
|
|
b. |
indirect business taxes |
|
|
c. |
retained earnings of corporations |
|
|
d. |
capital consumption allowance |
Homework Answers
Answer
Option b
indirect business taxes
National income differs from the net national product in that it includes business subsidies. national income exclude, as opposed to net national product is indirect business taxes.
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Chapter 5
6. National income differs from net national product in that it
includes business subsidies....
Items Values Indirect Business taxes and subsidies 416.2 Corporate Profit 1,239.5 Personal tax Rate ...
Items Values Indirect Business taxes and subsidies 416.2 Corporate Profit 1,239.5 Personal tax Rate 14.6461% Personal Consumption Expenditure 3,470.8 Capital Consumption Allowance 10.55357% Investing spending 774.3 Export 335.12 Transfer Payment 1,402.4 Gov. purchase of goods 1,036.0 Imports 383.82 "What is the" Net national product ? " " Personal Income ? " "National income? " "Disposable personal income ? I'm not sure why my teacher has that long percentage for Capital Consumption Allowance. Also, I...
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in an economy's National Income and Product Accounts. Amount...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Item Wages Calculate the difference between GDP, GNP, and national income >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. GDP minus GNP is S trillion. >>> Answer to 1 decimal place. Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits...
Questions 1-5 Gigaland’s 2019 National Accounts 1. Personal taxes 320 2. Corporateincometaxes 70 3. Indirect taxes...
Questions 1-5 Gigaland’s 2019 National Accounts 1. Personal taxes 320 2. Corporateincometaxes 70 3. Indirect taxes less subsidies 100 4. Undistributedcorporateprofits 120 5. Netincomeoffarmandunincorporatedbusiness 240 6. Wages, salaries, and supplementary labour income 1,000 7. Personal consumption expenditures 1,040 8. Capital consumption allowance (depreciation) 180 9. Exports 700 10. Profits of corporations and government enterprises before taxes 240 11.Interest and investment income 80 12. Dividends 90 13. Imports 640 14.Gross investment 340 15.Net investments from non-residents 160 16.Transfer payments to persons...
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...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) C...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The table shows some of the items in Northland's National Income and Product Accounts in 2016....
The table shows some of the items in Northland's National Income and Product Accounts in 2016. Calculate Northland's net domestic product at factor cost in 2016. Amount (billions of dollars) 885 815 Northland's net domestic product at factor cost in 2016 is $ billion. Item Consumption expenditure Wages Government expenditure Interest, rent, and profit Indirect taxes less subsidies Depreciation Investment Net exports
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown...
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown below. Amount (5 millions) 7500 09 00 Items Household Consumption Interest Income Capital Consumption Allowance Wages and salaries Business Profits Gross Investment Rental Income Export Import Amount earned by Hardworker's citizens and businesses abroad Amount earned by Foreign citizens and foreign businesses in Hardworker Government Spending Transfer Payments Indirect Business Taxes Calculate the GDP of Republic of Hardworker using the expenditure approach
could you help me check 1-4 the answer of my question. And solve the question5. Thanks...
could you help me check 1-4 the answer of my question. And
solve the question5. Thanks for you sincerely.
1. Personal taxes 2. Corporate income taxes 3. Indirect taxes less subsidies 4. Undistributed corporate profits 5. Net income of farm and unincorporated business 6. Wages, salaries, and supplementary labour income 7. Personal consumption expenditures 8. Capital consumption allowance (depreciation) 9. Exports 10. Profits of corporations and government enterprises before taxes 11. Interest and investment income 12. Dividends 13. Imports 14....
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) 6.3 Calculate net domestic product at factor cost using the income approach. What is the statistical discrepancy? >>> Answer to 1 decimal place. Using the income approach, net domestic product at factor cost is s trillion Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes The...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Item Wages Calculate the difference between GDP, GNP, and national income >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. GDP minus GNP is S trillion. >>> Answer to 1 decimal place. Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The table shows some of the items in Northland's National Income and Product Accounts in 2016. Calculate Northland's net domestic product at factor cost in 2016. Amount (billions of dollars) 885 815 Northland's net domestic product at factor cost in 2016 is $ billion. Item Consumption expenditure Wages Government expenditure Interest, rent, and profit Indirect taxes less subsidies Depreciation Investment Net exports
Question 2 of 5 > 0/100 The 2019 national income for Republic of Hardworker is shown below. Amount (5 millions) 7500 09 00 Items Household Consumption Interest Income Capital Consumption Allowance Wages and salaries Business Profits Gross Investment Rental Income Export Import Amount earned by Hardworker's citizens and businesses abroad Amount earned by Foreign citizens and foreign businesses in Hardworker Government Spending Transfer Payments Indirect Business Taxes Calculate the GDP of Republic of Hardworker using the expenditure approach
could you help me check 1-4 the answer of my question. And
solve the question5. Thanks for you sincerely.
1. Personal taxes 2. Corporate income taxes 3. Indirect taxes less subsidies 4. Undistributed corporate profits 5. Net income of farm and unincorporated business 6. Wages, salaries, and supplementary labour income 7. Personal consumption expenditures 8. Capital consumption allowance (depreciation) 9. Exports 10. Profits of corporations and government enterprises before taxes 11. Interest and investment income 12. Dividends 13. Imports 14....
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