Category value compensation of employees

Assignment Help Business Economics
Reference no: EM131095536

Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees $196.2 U.S. exports of goods and services 19.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments 13.9 U.S. imports of goods and services 16.5 Personal taxes 40.5 Net foreign income 2.2 Personal consumption expenditures 219.1 Statistical discrepancy 0.0 Instructions: Round your answers to one decimal place. a. GDP = $ billion b. NDP = $ billion c. National Income = $ billion

Reference no: EM131095536

Evaluate the overall explanatory power of the regression

Evaluate the overall explanatory power of the regression model. Use a 0.05 level of significance. State all your hypotheses and explain your results. Do not use rules of thu

What happens to the elasticity of demand for labor

Explain what happens to the elasticity of demand for labor in a given industry after which of the following events: A new manufacturing technique makes capital easier to subst

Describe excess reserves make a bank less vulnerable to runs

Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be

What role property rights play in creating common property

What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?

Average total cost increases

Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bik

Competition-oligopoly-monopolistic competition

Of the four industry structures we discussed (monopoly, competition, oligopoly, monopolistic competition), very briefly what is the main advantage and disadvantage of each? Do

Characteristics of the bourgeoisie in dominance of history

According to Marx, what is the basis of all history? What two hostile group have competed in recent history? What are the characteristics of the bourgeoisie in their dominance

What is utility at the optimal level of consumption

Suppose an individual’s utility is expressed as U=x^(1/2)y^(1/2)and their constraint is represented by the following: 2x+3y=B=100. What level of x and y should the individual

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd