Question

Personal consumption expenditure 200, Personal Taxes 50, Exports 30, Depreciation 10, Government Purchases 50, Gross private...

Personal consumption expenditure 200, Personal Taxes 50, Exports 30, Depreciation 10, Government Purchases 50, Gross private domestic Investment 40, Imports 40, Government transfer payments 20:

Please show and give an explanation to your answers provided  

a. What is the value of GDP?

b. What is the value of net domestic product?

c. What is the value of net investment

d. What is the value of net exports?

e. What is the value of disposable income?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

a. Value GDP:

GDP = Consumption + Investment + Government spending + (Exports – Imports)

GDP = C + I + G + (X – M)

GDP = 200 + 40 + 50 + (30 - 40)

GDP= 280

b. Value of net domestic product:

NDP = GDP – Depreciation

NDP = 280 – 10

NDP = 270

c. Value of net investment:

Net investment = Gross private domestic investment – Depreciation

Net investment = 40 – 10

Net investment = 30

d. Value of net exports:

Net exports = Exports – Imports

Net exports = 30 – 40

Net exports = -10

e. Value of disposable income:

Disposable income = GDP – Personal taxes

Disposable income = 280 – 50

Disposable income = 230

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Expenditure Items $Billions Depreciation Receipts of factor income from the rest of the world Exports State...
Expenditure Items $Billions Depreciation Receipts of factor income from the rest of the world Exports State & local purchases of goods Payments of factor income to the rest of the world Net private domestic investment Imports Personal taxes Personal consumption expenditure Dividends Change in business inventories 30 20 500 250 40 150 40 90 500 10 30 Determine: i)                The value of Gross Private Domestic Investment                                         ii)              The value of GDP using the Expenditure approach iii)             The value of net exports...
Use the table to find GDI, GDP, gross private domestic investment, personal income, and pe... Bookmark...
Use the table to find GDI, GDP, gross private domestic investment, personal income, and pe... Bookmark Use the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit 2.8 Indirect business taxes .8 Rent .7 Interest .8 Wages 8.2 Depreciation 1.3 Consumption 11.0 Government spending 1.8 Imports 1.7 Social Security contributions 2.0 Exports 1.5 Government transfer payments 2.0 Personal income taxes and nontax payments 1.7 Corporate taxes and...
Exhibit 5-11 GDP data (billions of dollars) Personal consumption expenditures $4,750 Exports 810 Government spending 1,400...
Exhibit 5-11 GDP data (billions of dollars) Personal consumption expenditures $4,750 Exports 810 Government spending 1,400 Social Security taxes 600 Depreciation 450 Indirect business taxes 550 Imports 850 Gross private domestic investment 900 Corporate income taxes 200 Personal taxes 800 Corporate profits 50 Transfer payments 700 In Exhibit 5-11, personal income (PI) is: $9,210 billion. $8,510 billion. $6,560 billion. $6,610 billion. $10,910 billion.
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...
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...
Given the following information answer the following questions: Personal Consumption Expenditures = 1000 Compensation to Employees...
Given the following information answer the following questions: Personal Consumption Expenditures = 1000 Compensation to Employees = 900 Gross Domestic Private Investment = 300 Gross Business Fixed Investment = 250 Net Operating Surplus = 250 Government Purchases of Goods and Services = 330 Taxes on Imports and Production = 200 Net exports = -30 Consumption of Fixed capital=250 a) What is the value of GDP measured in terms of spending? b) What is the value of GDP measure in terms...
Net Investment $100 Depreciation     40 Export     50 Import     30 Government expenditure 150 House...
Net Investment $100 Depreciation     40 Export     50 Import     30 Government expenditure 150 House hold consumption 400 Indirect business taxes     35 Income earned but not received     60 Income received but not earned     70 Personal income taxes     50 Employee compensation 460 Corporate profits     60 Rental income     20 Net interest     40 Proprietors income     55 USE THE TABLE ABOVE TO CALCULATE THE GDP 1. a. Using the income base method. b.Using the expenditure...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of fixed capital (depreciation) 27 Statistical discrepancy 8 Social Security contributions 20 Interest 13 Proprietors’ income 33 Net exports 11 Dividends 16 Compensation of employees 223 Taxes on production and imports 18 Undistributed corporate profits 21 Personal taxes 26 Corporate income taxes 19 Corporate profits 56 Government purchases 72 Net private domestic investment 33 Personal saving 20 4. (Chapter 27) Use the attached National Income...
Given the figures provided, calculate the GDP using the expenditure approach only. Not all figures might...
Given the figures provided, calculate the GDP using the expenditure approach only. Not all figures might be included in the calculation at all. Show your work. a) National income = 1,000 b) consumption = 3,000 c) net private domestic investment = 1,500 d) government purchases = 2,000 e) exports = 500 f) transfer payments by government = 400 g) imports = 800 depreciation = 500 h) corporate income = 1,000
Wages and salaries 6423 Indirect Taxes 613 Exports 954 Net Investment 1425 Gross investment 1850 Consumption...
Wages and salaries 6423 Indirect Taxes 613 Exports 954 Net Investment 1425 Gross investment 1850 Consumption expenditure 5107 Depreciation 425 Government subsidies to firms 125 Undistributed profits 78 Business/Corporate profits 1256 Imports 982 Mixed Income 652 Government purchases 2315 Calculate the GDP following the income method and expenditure method. In your answer you must show the equation you have used for the calculation. (5+5 = 10 marks).
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT