Based on the below table (figures in $billions) Total Consumption expenditures Compensation of employees (Wages &...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Based on the below table (figures in $billions) Total Consumption expenditures Compensation of employees (Wages & salaries) Gross Private Domestic Investment Services Corporate Profits Net exports Government expenditures Rental income 1) 2) 3) 4) 6,000 5,300 1,100 1000 700 -150 1,000 1,000 Calculate GDP from the expenditure approach (you don't have to use all the items in the table). (8 points) The consumption is made up of 3 items; name them. (3 points) The Gross Private Domestic Investment is made up of 3 items; name them. (3 points) Net exports = Exports - Imports. Why do we deduct imports when we calculate GDP? (2 points) Based on the below table (figures in $billions) Total Consumption expenditures Compensation of employees (Wages & salaries) Gross Private Domestic Investment Services Corporate Profits Net exports Government expenditures Rental income 1) 2) 3) 4) 6,000 5,300 1,100 1000 700 -150 1,000 1,000 Calculate GDP from the expenditure approach (you don't have to use all the items in the table). (8 points) The consumption is made up of 3 items; name them. (3 points) The Gross Private Domestic Investment is made up of 3 items; name them. (3 points) Net exports = Exports - Imports. Why do we deduct imports when we calculate GDP? (2 points)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Gross private domestic investment (GPDI) includes new residential construction as investment. Why is new housing included? Isnt this just another consumer purchase of housing services? How would the...
-
Assume that gross private domestic investment is $800 billion and the government (state, local, and federal combined) is currently running a $400 billion deficit. If households and businesses are...
-
What is the difference between gross private domestic investment and net private domestic investment? If you were to determine net domestic product (NDP) through the expenditures approach, which of...
-
Lets assume the client in the fact pattern in this weeks discussion board did not want to purchase the mothers house (in other words, forget about only those facts) and now has been appointed as the...
-
Assume that the stock of Socrates Motors is currently trading for $40 and will either rise to $50 or fall to $35 in one month. The risk-free rate for one month is 1.5 percent. What is the value of a...
-
If the proton is unstable, GUT theory predicts that its primary mode of decay is into a beta particle and a pion. (a) Write down the only decay possible. (b) If the pro-ton is initially free and at...
-
Define these terms: a. Materiality b. Control risk c. Inherent risk d. Detection risk
-
The City of Sweetwater maintains an Employees Retirement Fund, a singleemployer, defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined...
-
A financial institution uses a loan base rate of 4.35% and sets the credit risk premium at 6.68%. The institution charges a 1.5% loan origination fee and imposes 3.22% compensating balances. The...
-
Exercise 2: Implement calculate_S and calculate_R Recall that the element-wise squared Euclidean distance matrix D O DE Rnxm is defined by [D D] = (x; zj) (x; Zj) - - Also, the matrices S, RE Rnxm...
-
Define the term equivalent unit and explain how the concept is used in process costing.
-
Stock A has an expected return of 12% and a beta of 2,1. Stock B has an expected return of 6% and a beta of 1. What must be the expected return on a risk-free asset?
-
There is a virus turning people into zombies who attack the living and never die. No one knows where it came from, but when the virus was first detected, it was 3 days after a group of 20...
-
3. Refrigerant-134a at 1 MPa and 90 C is to be cooled to 1 MPa and 30 C in a condenser by air. The air enters at 100 kPa and 27 C with a volume flow rate of 600 m/min and leaves at 95 kPa and 60 C....
-
Mitre Company acquired Midwest Transportation Company for $1,399,100. The fair market values of the assets acquired were as follows. No liabilities were assumed. Equipment Land Building Franchise...
-
In 2019, Rylan Enterprises' net income increased by $2.5 million while its depreciation expense decreased by $500,000, accounts receivable increased by $2,000,000 and accounts payable increased by...
-
In addition to direct neuropsychological assessment, the neuropsychologist typically seeks supplementary information about a client. Briefly describe at least three categories of such supplementary...
-
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
-
The market price of insecticide is initially $10 per unit. To address a negative externality in this market, the government decides to charge producers of insecticide for the privilege of polluting...
-
Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts: What are this nation's balance of trade, current account balance, and capital account...
-
Ethanol is a motor fuel manufactured from corn, barley, or wheat, and it can be used to power the engines of many autos and trucks. Suppose that the government decides to provide a large per-unit...
-
Calculate the following: 1. \(3.8 \times 10^{-3}+1.006 \times 10^{-3}\) 2. \(9.61 \times 10^{8}-3.85 \times 10^{8}\)
-
Convert the following into standard form: 1. \(2.78 \times 10^{9}\) 2. \(9.04 \times 10^{-8}\)
-
Calculate the following: \(6.1 \times 10^{4}+4.8 \times 10^{5}\)
Study smarter with the SolutionInn App