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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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d. beta did a better job of explaining the returns than standard deviation

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Thus, beta provides better details about explaining the returns.

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Answer:

1. $ 750

2.  - $ 50

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4.  $ 600

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3 years ago
Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of
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The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>
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The answer is
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3 years ago
Read 2 more answers
Select all that apply.
tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

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In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure,  G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

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