Question

We have the following information for an economy. All data are in billion dollars. Category Value...

We have the following information for an economy. All data are in billion dollars.

Category

Value

Compensation of Employees

6,500.00

Personal Consumption Expenditure

9,180.00

Indirect Taxes minus Subsidies

750.00

Rental Income

600.00

Net Business Transfer Payments

0.00

Corporate Profits

1,100.00

Net Exports

−450.00

​Proprietors' Income

780.00

Surplus of Government Enterprises

0.00

Personal Saving

510.00

Net Interest

470.00

Calculate

National Income

for this economy.

National Income​ =

​$nothing

billion. ​(Enter your response as an​ integer.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following national income data are available for a country. All data are in billion dollars....
The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 125.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,445.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,750.00 Depreciation 75.00 Exports 150.00 Nonresidential Investment 250.00 Receipts of Factor Income from the Rest of the World 70.00 Government Transfer Payment 200.00 Statistical Discrepancy 0.00 Imports 275.00 Using the above information calculate the values of​ GDP, GNP, NNP...
The following national income data are available for a country. All data are in billion dollars....
The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,164.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,540.00 Depreciation 66.00 Exports 132.00 Nonresidential Investment 220.00 Receipts of Factor Income from the Rest of the World 80.00 Government Transfer Payment 200.00 Statistical Discrepancy 0.00 Imports 242.00 Using the above information calculate the values of​ GDP, GNP, NNP...
The list below provides some national income figures for country AAA.  All figures are in million dollars:...
The list below provides some national income figures for country AAA.  All figures are in million dollars: Government purchases of goods and services                                        $1,000 Indirect taxes                                                                                        175 Personal income taxes                                                                          200 Wages and employee compensation (including personal income taxes)    5,000 subsidies                                                                                              30 Consumption expenditure                                                                      3900 Exports                                                                                                 350 Capital consumption allowance (depreciation)                                         150 Imports                                                                                                 390 Investment                                                                                            950 Net interest income                                                                               200 Business profits before taxes                                                                 465 Personal saving                                                                                    1,100                             Calculate the value of GDP using the expenditure approach Calculate the value of GDP using the income approach Calculate the value of net domestic income at...
The following table contains some information from the national income and product accounts of a small...
The following table contains some information from the national income and product accounts of a small country. All data are in billion dollars. Category Value Government Consumption and Gross Investment 300.00 National Income 1,230 Depreciation 35.00 Exports 150.00 Compensation of Employees 800.00 Receipts of Factor Income from the Rest of the World 43.00 Net Investment 140.00 Inventory Adjustment 0.00 Imports 160.00 Payments of Factor Income to the Rest of the World 40.00 Corporate Profits 220.00 Statistical Discrepancy 10.00 For this​...
The table below shows the national accounts for a hypothetical economy, Macronia. ($ billions) Government purchases...
The table below shows the national accounts for a hypothetical economy, Macronia. ($ billions) Government purchases 17 Proprietors' income and rents 11 Exports 5 Indirect taxes 9 Gross investment 13 Wages and salaries 29 Corporate income 21 Imports 5 Net investment 9 Personal consumption 30 Statistical discrepancy ? a. The expenditure-based estimate of Macronia's GDP is $  billion. b. The income-based estimate of Macronia's GDP is $  billion. c. The value of the statistical discrepancy which is added to the lower estimate...
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. 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. Category Value Category Value Personal Consumption Expenditures $295 Net Exports 11 Net Foreign Factor Income 4 Dividends 16 Transfer Payments 12 Compensation of Employees 273 Rents 14...
Using the following national income accounting data, compute (a) Gross Domestic Product in Income and expenditure...
Using the following national income accounting data, compute (a) Gross Domestic Product in Income and expenditure approach (b) Net Domestic Product, (c) National Income, (d) Personal Income and (e) Disposable Income Personal consumption expenditures $11,736 Compensation of employees $9,805 Gross private domestic investment $2,745 Rents $77 Government purchases $2,745 Interest $724 Net exports $810 Proprietors’ income $1,124 Corporate profits $2,048 Corporate income taxes $499 Taxes on production and imports $1,234 Net foreign factor income $111 Statistical discrepancy $45 Consumption of...
The table below shows the national income accounts for a hypothetical economy, Metrica. ($ billions) Corporate...
The table below shows the national income accounts for a hypothetical economy, Metrica. ($ billions) Corporate income 103 Exports 73 Wages and salaries 562 Net international income to the rest of the world 8 Gross investment 157 Government purchases 184 Indirect taxes 75 Personal consumption 490 Imports 27 Depreciation 79 Proprietors' incomes and rents 56 Statistical discrepancy ? a. The income-based estimate of Metrica's GDP is $  billion. b. The expenditure-based estimate of Metrica's GDP is $  billion. c. The value of...
From the data given below, answer the following questions Personal consumption expenditure $4627 Net interest $400...
From the data given below, answer the following questions Personal consumption expenditure $4627 Net interest $400 Exports $716 Government Purchases of goods and services $1175 Corporation Profits $536 Imports $818 Net taxes $1260 Personal income taxes $1300 Rental income $28 Depreciation $716 Gross private domestic investment $1037 Indirect taxes $970 Proprietor’s income $473 Subsidies $391 Compensation of employees (wages) $4005 Price level (GDP deflator) $120 a. What is the value of net export NX? b. Is the country borrowing from...
Use the information in the following table to answer questions 1 through 4: Exports of goods...
Use the information in the following table to answer questions 1 through 4: Exports of goods & services: $1000 Imports of goods & services: $1200 Net change in assets owned abroad: $100 Net change in foreign owned assets at home: $360 Unilateral transfers received: $130 Unilateral transfers paid: $200 Investment income paid to foreigners: $380 Investment income received from foreigners: $400 Balance on the capital account: $0 Statistical Discrepancies: $0 1. The balance on the current account is _________. A)...