The following table contains data for country A for the year 2019. In Billions of Dollars $1,293 $1,717 $301 $704 $310 $374 $611 $117 Category Household purchases of durable goods Household purchases of nondurable goods Household purchases of services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers $1,422 Government expenditures on public works $553 $777 Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods $88 $120 D
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- The following data relates to the economy of a country over a one-year period. K’B Subsidies ………………………………………… 1 000 Gross domestic fixed capital formation……………. 2 400 Exports of goods and services ……………………. 2 000 Government final consumption ……………………. 3 000 Property income from abroad …………………… 300 Imports of goods and services ……………………. 2 500 Value of physical decrease in stocks …………… 10 Consumer’s expenditure ……………………. 8 000 Capital consumption/Depreciation ………………… 1 500 Taxes on expenditure……………………………... 1 750 Property income paid abroad ……………………. 500 Required Calculate the following from the above data: (a) Gross domestic product at market prices (b) Gross domestic product at factor cost (c) Gross national product at factor cost (d) Net national product at factor costGiven the following natinonal data all figure in billion. Gross domestic product.............6145 Payments to Tanzania who empoly resources......126 Payments to foreign owned resources employed in Tanzania...........177 Capital consumption allowance.......... 661 Indirect business taxes and subsidies.......579 Government transfer payment............... 884 Undistributed corporate profit and corporate income tax....................... ....561 Individual taxes and non tax payments..................655 Compute 1.Gross national product at market price 2.Net national product at market price 3.personal income 4.Disposable incomeAssume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
- Consider below information about Jacaranda Economy and answer the question that follow. Components Value per annum Wages and salaries R12 000 Exports R50 000 Rentals R22 000 Imports R63 700 Interest R9 300 Consumer spending R85 250 Government spending R33 200 Gross capital formation R6600 Using the table above, which approach can be used to calculate Jacaranda’s Gross Domestic Product? A. Income B. Production C. Expenditure D. DepreciationThe following data relate to an emerging African country.Item Value('000) KSHSGNP 8,000,000 Depreciation 100,000Indirect Business Taxes 80,000Gross Investment 400,000Total population 30,000Consumption 10,000Personal Income Taxes 800Excise duty 80Personal Income 89,000Net factor incomes from abroad 200,000 Using the above data, calculate: Net National Product and GNP per capita Net investment and Disposable personal income Gross domestic productYou are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…Refer to the economic activities information provided and answer the questions that follow Depreciation. 40zmw Receipts of factor income from the rest of the world. 30zmw Government purchases 100zmw Imports 50zmw Payments of factor income to the rest of the world. 50zmw Net private domestic investments. 200zmw Personal income taxes. 120zmw Personal consumption expenditure 600zmw Dividends 20zmw Exports 60zmw Determine the value of GDP NNP NI PI DIShow all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figures
- Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross investment = 100 Net investment = 80 Exports = 250 Imports = 300 Net Indirect taxes = 50 Net external income = 100 Balance of transfers with the Rest of the World = 50 Private savings = 300 Calculate: a) NNPbp (Net National Product) and Current balance. Interpret the result obtained. b) Public savings and Totaltaxes net of Gov. transfers. Interpret the result obtained.Suppose you are given the following data for a particular economy (unit: Millions of Euros):Gross National Income mp (GNImp) =1650Investment (I) = 220(Iliq) Net investment = 210Private consumption(C) =1100Net External Income (NEI) = 0Net Indirect Taxes (NIT) = 231Public Spending (G) = 363 Calculate: a) Balance of Goods and Services or Net Exports (NX) and Amortizations/Depreciations (A). b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)Suppose the data BELOW is for a given year from the annual Economic Report of the President. Calculate GDP using the expenditure approach (Amount in billions of dollars): Corporate profits: $ 305Depreciation: $ 479Gross private domestic investment: $716Personal taxes: $ 565Personal saving: $120Government spending: 924Imports: $ 547Exports: $ 427Personal consumption expenditures: $ 2,966Indirect business taxes: $ 370Contributions for Social Security (FICA): $ 394Transfer payments and other income: $ 967