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+ Saka: 500 1002 ECONOMICS I X Sale: ECO 1000 ECONOMICSIT X Salai: 300 1002 ECONOMICS I X 100 q
+ Saka: 500 1002 ECONOMICS I X Sale: ECO 1000 ECONOMICSIT X Salai: 300 1002 ECONOMICS I X 100 q.: 04062000.pdf G Memannomie Aldeak wt x Get Homework Help With Chex https://online.deu.edu.tr/access/content/attachment/622cbr1-9958-4636-515-8568508de7/Assignments/58396e-575-4d57-89e2-40515670188[/ec01002%20quiz 2004082020.pd Uyyu mala G Google YouTube F Facebook Twitter Instagram Irslagam Mynet e OSM Devlet e Kefer to the information provided in Teble 21.4 below to answer the questions that follow. Table 214 SBilliams Depreciation 40 Receipts of factor income from the rest of the world 30 Government purchases 100 Imports 50 Payments of factor income to the rest of the world 50 Net privale domestiment 200 Personal income 120 Personal resurrplion expendiures 000 Dividents 20 Experts Amount of national income not going to households 20 2) Refer to Table 21.4. The value for GDP in billions of dollars is A) 910 B 920 28 D) 1,050 29) 29) Refer to Table 21.4. The value for GNP in billions of dollars is A 90 B 930 ). D) 1010 301 30) Refer to Table 21.4. The value for NNP in billions of dollars is AJ 200 B) 910 940 D) 970 31) 31) Refer to Table 214. The value for national income in billions of dollars is 910 C90 D) 970 323 32) Refer to Table 21.4. The value for disposable personal income in billions of dollars is A) 750 B) 770 C) 220 D) 990 33) 33) Nominal GDP measures the value of all goods and services Al without inition Blind dollars C) in current dollars D) in constant dollars ecol002 Q. ... of ANSWER SHEET .docx 1.docx Idmond goster CO2 quz Kis dan Yovieme. 10.44 05.08.2020
Expert Solution
Answer 28 (c) 950
GDP = Government purchases + personal consumption expenditure + net private domestic investment + Depreciation + exports - imports
GDP = 100 + 600 + 200 + 40 + 60 - 50
GDP = 950 billion dollars
Answer 29 (b) 930
GNP = GDP + receipts of factor income from rest of the world - payment of factor income to rest of the world
Gnp = 950 + 30 - 50
GNP = 930 BILLION DOLLAR
Answer 30. (A) 890
NNP = GNP - DEPRECIATION
NNP = 930 - 40 = 890 billion dollars
Answer 31. (A) 890
National income = NNP + Indirect taxes = 890 + 0 = 890 billion dollars
Answer 32. (a) 750
Personal disposable income = personal income - personal income taxes
Personal disposable income = National income - amount of National income not going to Household - personal income taxes
= 890 - 20 - 120
= 750 billion dollars
Answer 33. (C) Nominal GDP measures the value of all goods and services at current dollar
Nominal GDP refers to value of all the goods and services that are produced during an accounting year measured at current year price.
It does not eliminate the effect of change in price and can increase even when there is no increase in physical output.
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