Please show all work for the following problem. Thanks in advance! 1a) Calculate GDP, NDP, NI, PI, and DI from the follo
Posted: Wed Jul 06, 2022 6:23 pm
Please show all work for the following problem. Thanks inadvance!
1a) Calculate GDP, NDP, NI, PI, and DI from the followinginformation. All numbers are in billions of dollars.
Wages $ 26,500Consumption Expenditures $25,000Government Expenditures $10,000Imports $20,330Exports $18,580Property Taxes $8,000Sales Taxes $9,715Retained earnings $1,310Personal Income Taxes $2,200Private Domestic Investment Expenditures $8,000Interest Income $1,940Pay Roll taxes $1,300Transfer Payments $880
Depreciation $1,300Net Income Made Abroad by Americans $160Indirect Business taxes $2,520Corporate Income Taxes $320
1b) Calculate i) labor force, ii) labor force participationrate, and iii) unemployment rate if the population of a country is380 million people out of which 92 million are under the age of 16,58 million don't want to work and 20 million are looking forwork.
1c) Calculate the inflation rate from 2004-2005 if theindex number in 2005 was 120 and the index number in 2004 was135.
1a) Calculate GDP, NDP, NI, PI, and DI from the followinginformation. All numbers are in billions of dollars.
Wages $ 26,500Consumption Expenditures $25,000Government Expenditures $10,000Imports $20,330Exports $18,580Property Taxes $8,000Sales Taxes $9,715Retained earnings $1,310Personal Income Taxes $2,200Private Domestic Investment Expenditures $8,000Interest Income $1,940Pay Roll taxes $1,300Transfer Payments $880
Depreciation $1,300Net Income Made Abroad by Americans $160Indirect Business taxes $2,520Corporate Income Taxes $320
1b) Calculate i) labor force, ii) labor force participationrate, and iii) unemployment rate if the population of a country is380 million people out of which 92 million are under the age of 16,58 million don't want to work and 20 million are looking forwork.
1c) Calculate the inflation rate from 2004-2005 if theindex number in 2005 was 120 and the index number in 2004 was135.