Question
1. Calculate GDP, NDP, NI, PI, and DI from the following information. All numbers are in billions of dollars. Wages $ 26,500 Consumption Expenditures $35,000
1. Calculate GDP, NDP, NI, PI, and DI from the following information. All numbers are in billions of dollars.
Wages $ 26,500
Consumption Expenditures $35,000
Government Expenditures $18,000
Imports $20,000
Exports $18,000
Property Taxes $16,000
Sales Taxes $9,715
Retained earnings $1,310
Personal Income Taxes $2,200
Private Investment Expenditures $15,000
Interest Income $1,940
Pay Roll taxes $1,300
Transfer Payments $880
Depreciation $1,300
Net Income Made Abroad by Americans $160
Indirect Business taxes $2,520
Corporate Income Taxes $320
2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 380 million people out which 92 million are under the age of 16, 58 million don't want to work and 20 million are looking for work.
3. Calculate the inflation rate from 2018-2019 if the index number in 2018 was 120 and the index number in 2019 was 125.
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