The following is a list of figures for a given year for the country of Penbrokia in billions of dollars.  Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Furniture, appliance, autos 500 Inventory 75 New Plant & Equipment of Corporations 335 New Plant & Equipment by SUNY / CUNY 55 Inventory 60 Cigarette Indirect Business Tax 40 Social Contributions by Working People 300 Consumption of Fixed Capital 23 New Housing Construction 123 Housing built in 1995 and sold this year 47 Purchases of durable goods by consumers 55 Exports of automobiles by the U.S. to Japan 69 Imports of automobiles to the U.S. from Japan 45 an American working overseas in France earning $100,000 and a French woman working in the U.S. for $125,000 ?? Consumer expenditures on clothing, medicine, food 40 Consumer expenditures on baseball games, concerts, etc 40 Local, State and Federal Taxes 65 Cashing in of a savings bond pourchased in 2000 26 Retirees collecting social security 43 GDP NDP NI PI DI Net Exports

Respuesta :

Answer:

(a) GDP =$593b

(b)   NDP =$570b

(c)   NI      =$570b

(d) PI        =$643

(e)  DI      =$578

(f) Net exports $24

Explanation:

Gross Domestic Product (GDP): This is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

(a) GDP                                                $b

New Plant & Equipment of Corporations   75

New Plant & Equipment by SUNY         335

Cigarette                                                   60

New Housing Construction                            123

  GDP                                                          593

(b) NDP=GDP-Depreciation(i.e Capital Consumption) $b

 Gross Domestic Product(GDP)                                           593                                                                

Less: Consumption of Fixed Capital                                    23

    NDP(Net Domestic Product)                                     570

(c) NI=National Income                                                           $b

               NDP                                                                   570

Add: Income of American working overseas($100,000)  0.0001

Less: Income of Foreigner working in US ($125,000) -0.000125

    National Income                                                               570

(d)        PI                                                                               $bn

National Income                                                                        570

Add: Housing built in 1995 and sold this year                          47

       Cashing in of a savings bond purchased in 2000          26

            Personal Income(PI)                                                        643

(e) DI=Disposable income $b

      Personal Income(PI)  643

 Less: Personal Income Tax    65

Disposable income           578

(f) Net exports.                 $b

Exports of automobiles     69

Less: Imports of automobiles   45

        Net exports.             24