Explain gdp, Macroeconomics

Assignment Help:

You are given the following information about an economy:

Gross Investment  =                                                         40

Govt. purchases of goods & service =                                   30

GNP    =                                                                         200

X - M =                                                                          -20

Personal Tax =                                                                 60

Govt. transfer =                                                               25

Interest payments from the Govt. to domestic Pvt. Sector =     15

Factor income received from the rest of the would =                7

Factor payment made to rest of would =                                9

Calculate:

a) Consumption

b) GDP

c) Net factor payment from abroad

d) Pvt. Saving

e) Public Saving.

 


Related Discussions:- Explain gdp

Each good as a final good or intermediate good, Classify each good as a fin...

Classify each good as a final good or intermediate good. (briefly explain wach choice) 1. running shoes 2. cotton fibers 3. watches 4. textbooks 5. coal 6. sunscr

Keynesian dyanamic multilpier, what is static and dynamic multiplier in key...

what is static and dynamic multiplier in keynesian theory?

Feds actions on gdp impact, Suppose the banking system has reserves of $750...

Suppose the banking system has reserves of $750,000, demand deposits of $2,500,000 and a reserve requirement of 20%. a) If the Fed now purchases $125,000 worth of government bon

Deceased relative at zero prices, Kennesaw University Professor Frank A. Ad...

Kennesaw University Professor Frank A. Adams III and Auburn University Professors A. H. Barnett and David L. Kaser man recently estimated the effect of legalizing the sale of cadav

Currency, Assume that Jimmy Cash has $2100 in his checking account and uses...

Assume that Jimmy Cash has $2100 in his checking account and uses his checking card to withdraw $210 from his ATM machine. By what amount did M1 change from this individual transac

Define gross requirements and scheduled receipts, One unit of A is made up ...

One unit of A is made up of one unit of B and one unit of C. B is made of three units of D and one unit if F. C is composed of three units of B, one unit of D, and four units of E.

Nine patients are selected at random, A recent study in NJ showed that 50% ...

A recent study in NJ showed that 50% of all patients will return to the same dentist. Suppose nine patients are selected at random, what is the probability that: (a) exactly five o

Full economic price of this legislation, From California to New York, legis...

From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 mill

Solution, the classical model assumes that consumption depends positively o...

the classical model assumes that consumption depends positively on disposable income. now suppose that consumption also depends on the real interest rate. a) sketch the loanable

Write Your Message!

Captcha
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