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Using the information below give the dollar amount of nominal
Wages $20,000
Rental Income $5,000
Consumption $150,000
Profits $65,000
Investment $54,000
Interest $56,000
Exports $6,000
Transaction $56,700
Foreign debt $7,000
Government Spending $60,000
Imports $6,000
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- Using the information provided on the income tax systems in two hypothetical countries, Country A and Country B, complete the following tables.Country ACountry BTaxable Income (Dollars) Tax Liability (Dollars) Taxable Income(Dollars) Tax Liability (Dollars )20,0002,000.0020, 000$2,00040, 00010, 000.0040,000 $4,00060,00024,000.0060, 000$6,000Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to $40,000 and $40,000 to $ 60,000 for each country.Taxable Income Range Country A Marginal Tax Rate Country B Marginal Tax Rate( Dollars)(Percent)(Percent) 20,000 to 40,00040,000 to 60,000Complete the following table by deriving the average tax rates at each income level for each country.Taxable Income (Dollars)(Percent) Country A Average Tax Rate Country B Average Tax Rate(Percent )20,00040, 00060,000The equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. V Taxable Income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 1st attempt Tax rate 10% 222335 12 24 37 See Hin
- Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?What is deflation?e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
- 58 minutes ago Detions V ot we ep M. ABDEL RAHM.. MMED Heba Mamdouh FFARAH ORAS MARIAM HANY A MERUM YASSER Question 2: MCQ Which of the following would be included in the gross domestic Sroduct of Braza A the profits earned by a U. S owned plant in Brazil Bithe profits earned by a Brazilian coffee company operating in the United States the profits earned by a Brazilian colfee company operating in Peru D the profits earned by U. S suppliers to Brazil operating in the Unite States Bị the profits carned by Peruvian companies operating outside Brazil Paricloants howe Chal ReactanaOne day, Barry the Barber, Inc., collects $400 forhaircuts. Over this day, his equipment depreciates invalue by $50. Of the remaining $350, Barry sends $30to the government in sales taxes, takes home $220 inwages, and retains $100 in his business to add newequipment in the future. From the $220 that Barrytakes home, he pays $70 in income taxes. Based onthis information, compute Barry’s contribution to thefollowing measures of income.a. gross domestic productb. net national productc. national incomed. personal incomee. disposable personal incomeEvample 8. Calculate Factor Income to abroad. Particulars in crores (1) GNP at MP 4,500 (ii) Replacement of Fixed Capital (iii) Indirect Taxes (iv) Subsidies (v) Factor Income from abroad 100 300 200 700 (vi) NDP at FC 3,900 Solution:
- Define the term Gross revenues?SQU E-LEARNING SYSTEM (ACA Refer to the information provided in Table 6.8 below to answer the questions that follow 56 Table 6.8 SBIllions 20 1.0 1.C Depredation Receipts of factor incorme from the rest of the world Govemment purchases Imports Payments of factor income to the rest of the world Net private domestic imvestment 40 150 50 40 160 Personal income taxes 80 Persoral consumption expenditures 700 Dividends 10 70 Exports Amount of national income not going to households 30 Refer to Table 6.8. The value for personal income in billions of dollars is 970 a O 1,110 b O 1.050 .c O 1.000 d O Activate Windows 20ser Sergi ENG INTLRefer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources Net Interest Other Functions Undistributed Offsetting Receipts Total 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 290,496 185,702 - 180,820 4,093,989 Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget.
