Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

d) Theoden King wants to know the total value of output (GDP ) in Rohan in 3019 (Third Age). He demands that Wormtongue provide this

image text in transcribed
image text in transcribed
d) Theoden King wants to know the total value of output (GDP ) in Rohan in 3019 (Third Age). He demands that Wormtongue provide this information. Wormtongue gives him the following statistics for the year , but claims not to be able to determine GDP. e ) f) Consumption expenditures g) $ 1,750 h) Edoras government purchases of goods and 1) 200 services Westfold and Helm's Deep government k) 331 purchases (local) 1) Proprietors income m ) 150 n ) Compensation of employees 0) 1,680 p ) Corporate profits q) 188 r) Corporate profit taxes s ) 23 t) Rental income u) 31 v) Capital consumption allowance ( depreciation W ) 295 x) Indirect business taxes y) 146 z) Net interest aa)147 ab Exports to Gondor and Mirkwood ac)299 ad mports from Saruman and Rivendell ae ) 355 af ) Undistributed corporate profits ag)111 ah ) Transfer payments ai ) 66 aj ) Personal taxes ak) 45 al ) Social Security taxes (Social Insurance taxes am )222 an ) Net foreign income from and to the rest ao)0 of Middle Earth ap ) Statistical discrepancy aq ) 0 at) a) What is national income for Rohan in 3019 ? Show your d ) formula. e ) a What is personal income for Rohan in 3019 ? Show your formula. b c ) What is disposable personal income for Rohan in 3019 ? Show your formula c) d ) Is Worm tongue correct or lying to Theoden? If correct, explain why he can't answer Theoden's question . If lying , what is GDP for 3019 ? Show your formula

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behavior And Management

Authors: John Ivancevich, Michael Matteson

6th Edition

0072436387, 978-0072436389

More Books

Students also viewed these Economics questions

Question

Define paraphrasing and reflecting.

Answered: 1 week ago