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UNO [17]
3 years ago
14

Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.Category

- ValueCompensation of employees - $194.2U.S. exports of goods and services - 17.8Consumption of fixed capital - 11.8Government purchases - 59.4Taxes on production and imports - 14.4Net private domestic investment - 52.1Transfer payments - 13.9U.S. imports of goods and services - 16.5Personal taxes - 40.5Net foreign income - 2.2Personal consumption expenditures - 219.1Statistical discrepancy - 0Instructions: Round your answers to one decimal place.
Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

a. $343.7 billion

b.  $331.9 billion

c. $334.1 billion

Explanation:

The computation is shown below:

a. For GDP

GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports

where,

Net exports = U.S. exports of goods and services - U.S. imports of goods and services

= $17.8 - $16.5

= $1.3 billion

So, the GDP would be

= $219.1 + $59.4 + $52.1 + $11.8 + $1.3

= $343.7 billion

b. For NDP

NDP = GDP - Consumption of fixed capital or depreciation

        = $343.7 - $11.8

        = $331.9 billion

c. For NI

NI = GDP + Net foreign income

    = $331.9 billion + 2.2 billion

    = $334.1 billion

All values are in billions

         

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Answer:

52.7%

Explanation:

Coefficient of variation= \frac{standard deviation}{mean} times 100%

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vekshin1

Answer:

Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

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$12.50               375,000                           625,000

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Which of the following statements are true?

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fgiga [73]

Answer:

Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

Cash $100,000 Accounts Payable $100,000

Inventory $200,000 Dennis, Capital $120,000

Lilly, Capital $80,000

$300,000 $300,000

Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.

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a. $36,000

b. $64,000

c. $60,000

d. $24,000

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Answer:

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