Homework Answers
GDP formula using expenditure approach is
GDP, Y = C + I + G + (X-M)
C = COnsumption
I = Investments
G = Government spendings
X = Exports
M = Imports
| Particulars | $ in billion |
| Government purchases | $ 76 |
| Pesonal consumption expenditure | $ 652 |
| Gross private domestic investment | $ 82 |
| Exports | $ 22 |
| Less: Imports | $ (39) |
| GDP | $ 793 |
Transfer payments and Personal taxes are not included in GDP calculation using expenditure apporach
| Per Capita GDP | |
| GDP | $793 billion |
| Population | 1,34,000 |
| Per Capita GDP (793billion/134000) | $5,917,910.40 |
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$35 $76 SA 3. Putting all these concepts together: a. Calculate GDP. (ese are in terms of Sbillions.) Transfer pay...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
$40 15 20 22 24 Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate...
$40 15 20 22 24 Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal Consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy 75 22 250 25 10 Refer to the accompanying data (all figures in billions of dollars). GDP is
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures,...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (CC) $10,417.1 Gross Private Domestic Investment (II) $1,818 Exports (XX) $1,935.3 Imports (MM) $2,435.5...
Find the GDP: Social Security Contributions 20 Gross Private Domestic Investment 50 Taxes on Production and...
Find the GDP: Social Security Contributions 20 Gross Private Domestic Investment 50 Taxes on Production and imports 40 US Imports 100 Corporate Income Tax 50 Personal consumption Expenditures 150 Transfer Payments 20 Consumption of Fixed Capital 30 US Exports 80 Net foreign factor income 10 Undistributed corporate profits 20 Statistical discrepancy 10 Government Purchases 80
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $194.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 Instructions: Round your answers to...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $204.2 17.8 11.8 59.4 14.4 52.1 13.9 16,5 40.5 2.2 229.1 0 Instructions: Round your...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign income Personal consumption expenditures Statistical discrepancy $195.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 0.0 Instructions: Round your answers...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
economics// show work please 25. Answer the question on the basis of the following data. All figures are in billion...
economics// show work please
25. Answer the question on the basis of the following data. All figures are in billions of dollars. Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the data. NDP is: A. $370. B. $402. C. $392 D. $467
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes...
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
$40 15 20 22 24 Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal Consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy 75 22 250 25 10 Refer to the accompanying data (all figures in billions of dollars). GDP is
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $194.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 Instructions: Round your answers to...
Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Value $204.2 17.8 11.8 59.4 14.4 52.1 13.9 16,5 40.5 2.2 229.1 0 Instructions: Round your...
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign income Personal consumption expenditures Statistical discrepancy $195.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 0.0 Instructions: Round your answers...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
economics// show work please
25. Answer the question on the basis of the following data. All figures are in billions of dollars. Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the data. NDP is: A. $370. B. $402. C. $392 D. $467
2. Given the following information: Social Security Contributions = $1100 Government Purchases = $7100 Personal Taxes = $1900 Net Foreign Factor Income = $1200 Imports = $3700 Wages = $3800 Rent = $1300 Dividends = $1000 Transfer Payments = $700 Interest = $2200 Corporate Profits = $3200 Personal Consumption Expenditures = $8200 Depreciation = $2100 Taxes on Production and Imports = $1400 Exports = $2500 Gross Private Domestic Investment = $1400 Proprietor's Income = $1800 Corporate Income Taxes = $1300...
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