Consider the following NIPA Data $4,350 $662 PCE-GOODS EXPORTS-SERVICES $2,659 CHANGES IN PRIVATE INVENTORIES -$290 $1,146 $8,640 $798 INVEST-NON-RESIDENTIAL EXPORTS-GGODS PCE-SERVICES INVEST-RESIDENTIAL $2,335 $1,942 $405 GOV-STATE/LOCAL IMPORTS-GOODS IMPORTS-SERVICES GOV-FEDERAL $1,525 A. WRITE THE GDP EQUATION (EXPENDITURES APPROACH). THEN USE THE DATA ABOVE TO ANSWER QUESTIONS B-F B. PCE=C=_ C. GPDI=l-=, D. GOV=G=. E. NET EXPORTS=NX=. F. GDP=. G. GNP=. H. Compute the shares of each of the four components of GDP
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- Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exportsThe following is data for a manufacturing company:Begin Direct Materials $ 2,000 Direct Labor $ 5,000End Direct Materials 3,000 Begin Work-in-Process 4,000End Work-in-Process 6,000 Manufacturing Overhead 12,000Direct Materials Purchased 10,000 Cost of Goods Manufactured 24,000Cost Goods Sold ? End Finished Goods 9,000Gross Margin (Profit) ? Net Income ? Operating Expenses 6,000 What is the amount of Direct Materials used in production?What is the TOTAL amount of unfunded allotments to be reported in the Registry of Allotments and NCA?
- Table 24.8 All Figures in Billions of Dollars Comsumption Spending Imcome) Net Taxes (C=100 + 0.9Yd) 2,350 2,530 2,710 2,890 3,070 3,250 3,430 Planned Investment Purchases 150 150 150 150 150 150 150 di Output Savings 150 170 190 210 230 250 270 Government Spending 200 200 200 200 200 200 200 en 2,600 2,800 3,000 3,200 3,400 3,600 3,800 100 100 100 100 100 100 100 aretle Refer to Table 24.8. The economy is at the equilibrium level of output. If government spending increases by $200 billion, the new equilibrium level of output is Lütfen birini seçin: O A. $4,400 billion O B. $4,000 billion OC $5,600 billion O D. $4,600 billion. O E $3,800 billionwhat is the asymmetry relationship between energy prices and income and its impacts on national economy as a wholeTable 24.8 All Figures in Billions of Dolllars Comsumption Spending Income) Net Taxes (C=100 +0.9Yd) 2,350 2,530 2,710 2,890 3,070 3,250 3,430 Planned Investment Purchases 150 150 150 150 150 150 150 Outpat 2,600 2,800 3,000 3,200 3,400 3,600 3,800 100 100 100 100 100 100 100 Savings 150 170 190 210 230 250 |270 Government Spending 200 200 200 200 200 200 200 etle Refer to Table 24.8. If taxes are reduced from $100 billion to $50 billion, the new equilibrium level of output is Lütfen birini seçin: O A. $4,050 billion O B. $1,600 billion O C. $3,850 billion O D. $1,800 billion O E $2,100 billion
- Consider the file named Public Goods Graphs. It shows the marginal private benefits (MPB) derived by three citizens from different units of a public good such as a fire station, another military base, or a new freeway. It also shows the marginal social costs of building these goods. Suppose that when the government employees survey the citizens about their preferences for the public good, every citizen understates his or her marginal private benefit for every unit of the good by $20. If the government builds the number of public goods indicated by the survey (believing that that is allocatively efficient), the deadweight loss arising from this policy will equal dollars. For this question, don't use the geometric formula to calculate the area. Just add the differences between the true marginal social benefits and the marginal social costs for different units. Use our general rounding rule.Dana spends $10000 on remodelling a storefront that she thenopens as a shoe store. Her business has not been very successful, and she needs an additional $3000 to keep the shoe store open. Which of yhe following is TRUE? A) the $10000 Dana spent on remodelling represents a part of the total vatiable cost of her business. B) the $3000 represents her marginal costs of production. C) the $10000 Dana spent on remodelling is a fixed cost of her business. D) the $3000 Dana needs to keep the deli open represents her total fixed cost.Exhibit 11-4 Taxable Income $0-$23,000 $23,001 - $42,000 $42,001 - $100,000 Greater than $100,000 Refer to Exhibit 11-4. If a person's taxable income is $155,000, how much does he pay in taxes? $30,900 $38,250 Taxes 15% of taxable income $3,450 + 20% of everything over $23,000 $7,250 + 25% of everything over $42,000 $21,750 + 30% of everything over $100,000 $68,250 $10,500
- Economics Francine, Albert, George and Connie each contributed $3,000 to a spousal RRSP. Which of them will have to report taxable income? 47 O a) Francine, whose spouse, Vic, transferred $3,000 from the spousal RRSP directly to an annuity in his name, The annuity cannot be commuted for three years. O b) Albert, whose spouse left him for another man and withdrew $3,000 from the spousal RRSP the year after it was deposited. O c) Connie, who is now a resident of Greece. Her spouse also is a resident of Greece and he withdrew $3,000 from the RRSP. O d) George, whose common-law partner, Annette, withdrew $1,000 from the spousal RRSP In the following year to purchase a new dishwasher for their house.Please provide an overview of the role of the Federal Government in Transportation Financing (as it relates to State & Local Governments). What funding streams are used to finance these projects? What is the basis for the difference in level of funding between transportation modes (highways, mass transit, rail, air & water)? Identify the rationale behind the Federal government’s level of involvement historically. What are the current transportation issues facing New Yorkers (specifically those downstate in the NYC metropolitan region)? How will the current economic crisis affect these revenues? What additional issues do you foresee in the future?SQU E-LEARNING SYSTEM (ACA Refer to the information provided in Table 6.8 below to answer the questions that follow 56 Table 6.8 SBIllions 20 1.0 1.C Depredation Receipts of factor incorme from the rest of the world Govemment purchases Imports Payments of factor income to the rest of the world Net private domestic imvestment 40 150 50 40 160 Personal income taxes 80 Persoral consumption expenditures 700 Dividends 10 70 Exports Amount of national income not going to households 30 Refer to Table 6.8. The value for personal income in billions of dollars is 970 a O 1,110 b O 1.050 .c O 1.000 d O Activate Windows 20ser Sergi ENG INTL