If Gross National Product at market prices is RM200 billion, depreciation is RM25 billion and indirect taxes is RM18 billion, what is the value of Net National Income at factor cost? O RM207 billion RM193 billion C RM243 billion RM157 billion
Q: In reality, the economies of most countries are mixed rather than being pure market or command…
A: Pure market uses private ownership as the means of production but in the command economy, there is…
Q: The following are extracts from the national income account of a country. COMPOSITION Compensation…
A: 1.
Q: When decision-makers have time to fully adjust to changes in the overall price level, we refer to…
A: In Economics, Long-run and Short-run are the concepts related to the market where the equilibrimity…
Q: se the graph to answer the following question: Explain why Balance does or does not have excess…
A: Excess capacity is a situation when the firm is producing output that is less than the minimum…
Q: 16. Assume that economy has the following Phillips curve n = n° – 2(u – 0.05). Further assume that…
A: Phillip's Curve : π = πe- 2 (u - 0.05 ) πe = π(-1)
Q: Suppose that the unemployment rate is 10 percent, and the employment rate is 63 percent in an…
A: The participation rate refers to the total number of people or individuals who are currently…
Q: Exercise 3: Solve the following game of incomplete information Nature H ProbalH)-5/8 ProbalH)-3/8…
A: To find out the SPBNE we will use the best response method where we underline the maximum payoffs…
Q: The First Bank of AIAin City Assets Liabilities Reserves $2,000 Deposits $10,000 Loans 8,000 The…
A: Here, the given table depicts the balance sheet of the First Bank of AlAin City.
Q: Which of the following would shift aggregate demand to the left? O a) Stock market values increase…
A: Aggregate demand is the sum of consumption, investment, government spending, and net exports. An…
Q: What is economics
A: Economics is divided into two main scopes which are micro and macroeconomics. Microeconomics deals…
Q: There is a road between the suburbs and downtown. The road is congested at rush hour. If 172 people…
A: (4) The information given is as follows:- Time taken for the trip is given to be 38 minutes Value…
Q: Years ago, Callaway Golf patented its signature Big Bertha line of drivers. Today, the company…
A: We show that The purpose of the pàtent system is to encourage the invention of new inventions, and…
Q: 14. Find the equilibrium level of GDP in an economy in which investment is always 200 and the…
A: Aggregate expenditure is the sum of consumption function and the investment function.
Q: 1 Consider the production function, f (21, z2) = z? z5. (a) Solve the PMP for factor demands z (p,…
A: In Perfect competition we know that price and marginal cost are equal. And marginal cost itself…
Q: The long long-run Phillips curve is where the real interest rate is zero O at the level of…
A: In an economy, Phillips curve is used to explain the connection between inflation rate and the…
Q: 1. When interest rate i increases, equilibrium output Y will _____. A. Increase B. Decrease C.…
A: Whenever interest rates are raised, investment will be discouraged due to the greater opportunity…
Q: Based on market research, a film production company in Ectenia obtains the following information…
A: * SOLUTION :- Given that , Demand: P=1,600−10Q Total Revenue: TR=1,600Q−10Q2 Marginal Revenue:…
Q: According to the law of supply, firms are willing to produce a greater quantity of a good when the…
A: Supply curve is upward sloping showing a relationship between price and quantity supplied.
Q: 10. A type of corruption where policy implementation skewed to the advantage of some is term........…
A: Corruption is an illegal activity which is strongly banned by the law.
Q: What is a Strategic Issue? How might we go about identifying a strategic issue? Consider how an…
A: Strategic issues are the core policy decisions or important concerns that a community must solve in…
Q: Compared to 2020, the price of computer chips is much higher today and revenues from computer chips…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: The aggregate demand curve is represented by which of the following equations? O a) AD - Price level…
A: The measure that depicts the final value of goods and services being produced within an economy is…
Q: e following graph shows the aggregate demand (AD) and aggregate supply (AS) curves for a…
A: At equilibrium point aggregate demand and aggregate supply are equal at certain price level. And…
Q: Q) The market demand for the output is P= 80 - Q, where Q is the output level and P is the price per…
A: Given that:- Price of labor at the competitive equilibrium in the labor market…
Q: The following pair of assets differ only in the MARR. The problem asks you to determine the effect…
A: Economic lives for an asset refers to the time period when the asset is useful for the owners. The…
Q: 1 3 1 2. Consider the production function, f (21, 2) = z} z . (a) Solve the PMP for factor demands z…
A: Profit maximizing problem for factor demand means how much input Z1 and Z2 should be employed to get…
Q: uan owns a pizza shop. In 2021, Juan spent $20,000 upgrading the oven. This is an example of _____…
A: Answer is given below
Q: (а) You are given the following information. Consumption (C) = 400 + 0.8Yd Government Expenditure…
A: Equilibrium takes place where AE = Y
Q: What happens to aggregate demand (AD) if the price level rises? O a) The quantity of AD increases. O…
A: Aggregate demand refers demand of all the goods and services by the consumers in the society at…
Q: 01
A: An inflationary gap occurs when the actual GDP of a country exceeds the potential full-employment…
Q: You have collected data for 104 countries to address the difficult questions of the determinants for…
A: For 5% we have a = 0.05 and for 1%, a = 0.01
Q: Compare and contrast both fiscal policy and monetary Policy
A: Answer: Comparison: Fiscal policy Monetary policy Fiscal policy is undertaken by the government…
Q: What are the types of quantitative and subjective methods used in evaluating and control the…
A: Quantitative procedures are advantageous since they require less time to implement than subjective…
Q: Explain the idea behind diminishing marginal returns and give a real-life example.
A: Diminishing Marginal Returns happen while expanding one unit of creation, while holding different…
Q: The Big Cheese Restaurant, Inc. has a checking account at Cheesehead Bank. Darren Dodgers, the…
A: Check is a form of payment by order given by a person to the bank for payment to a third party.…
Q: Under perfectly competitive conditions, if a good sells at $100 for a firm whose total costs are…
A: Total costs refers to the total amount the firms have to spend to produce given quantity of goods…
Q: In an island economy, farmers grow 150 potato, pay 25 in tax, eat 65, plant 60 in the yard. a.…
A: Given; Total number of potatoes= 150 potatoes Number of potatoes paid as tax= 25 potatoes Number of…
Q: (16] Operating in the short run with one fixed input and one variable input, the marginal product of…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: A short-run equilibrium above the potential output means that the unemployment rate is lower than…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Question 5 If the only Nash Equilibrium of the following game is (T, R), which of the following can…
A: (T,R) to be a unique nash requires that T must be a dominant strategy.
Q: Draw an individual choice diagram for a person choosing between buying apples or bananas with a…
A: Answer: A person maximizes his/her utility where the budget line and indifference curves are tangent…
Q: Which firms are less sensitive to business cycle? A Only firms with low financial leverage B. Only…
A: Impact of financial gain: Financial gain means the use of borrowed funds as a source of income in a…
Q: Consider the following picture: y'-t' y-t If the interest rate on borrowing (r2) increases, what…
A: In a market, interest rate refers to the factor or determinant that influence the demand or supply…
Q: Given the following information, what are the values of M1 and M2? Small time deposits $650 billion…
A: M1 = currency + Demand Deposits + other deposits + travelers check M2 = M1 + small time Deposit +…
Q: and their fix veek. The t BurgerHub rkers eek)
A:
Q: a. Explain why the aggregate short-run aggregate supply curve is upward sloping? b. What is the…
A: since you have asked multiple questions and according to policy we can solve only 1 question and for…
Q: The monopolist faces the demand curve D(p) = 100 – 2p. Its cost function is c(y) = 2y. What is your…
A: We have MC = dc(y)/dy = 2
Q: Which of the following is goods market clearing condition? A. Y=C+I-G B. Y=C+I-G C. G=T D. Y-C=I+G
A: Aggregate expenditure in closed economy is the sum of consumption, investment and government…
Q: Question 1 Scenario 14-1 Assume a certain firm in a competitive market is producing Q = 1,000 units…
A: In a competitive market, it can be said that the market price will be the marginal revenue of a firm…
Q: The price index used to illustrate the aggregate demand curve is the O a) producer price index…
A: Price index: - it is the measure of change in the price level, it measures the change in the price…
Step by step
Solved in 2 steps
- Consider the following information given for calculation of different national income aggregates: Items Rs in crore Value of output 100000 Depreciation 6000 Indirect Taxes 6000 Subsidies 1000 Intermediate consumption 24000 Value added 76000 What will be the value of GNP at market prices as per the given information? Which of the following will be the value of NNP at market prices? Which of the following will be the value of GNP at factor cost? If disposable income is Rs 500 and saving Rs 100, what will be the average propensity to consume? If MPC= 1/2, what is the value of K (Investment multiplier)? What will be the value of NNP at factor cost as per the given information? What will be the value of GDP at market prices as per given information?1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…GDP is $5 trillion. Depreciation is $1 trillion. Gross output is $17.25 trillion. What is th value of all stages of production and distribution except for final sales of goods and services?
- Referto the information provided in Table below to answer the questions that Billions Receipts of factor income from the rest of the world 20 Depreciation Government purchases Imports Payments of factor income to the rest of the world 30 90 40 40 150 90 500 Net private domestic investment Personal taxes Personal consumption expenditures Dividends Exports Amount of national income not going to 10 60 30 households 1- The value for GDP in billions of dollars 2- The value for GNP in billions of dollars 3- The value for NNP in billions of dollars 4- The value for national income in billions of dollars 5- The value for disposable personal income in billions of dollarsYear I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income earned overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 3. Gross National Product at Factor Cost: GNP at factor cost GNP at market prices - Indirect Taxes + Subsidies Year 1 Year 6 Year 9Spring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next page
- Refer to the information provided in Table Table $Billions 625 Compensation of employees Proprietors' income Corporate profit 70 50 Net interest 40 Rent al income 15 Deprecation Indirect taxes 90 35 Direct taxes 60 Subsidies 10 Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 25 20 If GNP is $625 billion and depreciation is $125 billion, then net national product is Select one: a. $750 billion b. $500 billion C. $700 billion d. $5 billionIn the table below, you are given data for the country of Sequoia. Exports Consumption Gross investment Depreciation 188 520 152 88 Government spending Imports Net foreign factor income Indirect taxes a. The value of GDP at market prices is $ b. The value of NDP at basic prices is $ c. The value of net national product at basic prices (i.e. national income) $ ESTUsing the following information, calculate the Net Domestic Product at Factor Cost: Government Final Consumption Expenditure 100 Net Indirect Tax 80 Private Final Consumption Expenditure 300 Consumption of Fixed Capital 20 Gross Domestic Fixed Capital Formation 50 Net import 10 Closing stock 25 Opening Stock 25 a. 410 b. 340 c. 380 d. 420
- Suppose Country A has a NNP of $480 billion. Income receipts from the rest of the world are $26 billion, income payments to the rest of the world are $10 billion, and depreciation is $45 billion. What is the dollar value of consumption expenditure if it accounts for 68% of GDP? Throughout your calculations, round to one decimal place if necessary. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure14 150 you have these informations representing an economic activities for a mentioned country as following disposable personal income 500 government revenues 520 corporate taxes 100 gross investment expenditures 400 PROFIT 300 consumption expenditures 450 government expenses 430 DIVIDENDS 70 net investment expenditure 350 find the value of the following accounts 1- national savings ? 2- Business savings ? 3- government savings ? 4- Retained profit? 5- Depreciations ?Year I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income earned overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 4. Net National Product: NNP = GNP at factor cost - Depreciation Year 1 Year 6 Year 9