Compute the value of disposable income in macronia

Assignment Help Macroeconomics

Reference no: EM13223299

A more complex circular-flow diagram for the economy of Macronia is shown. Define the terms of each of the following items and calculate their value based on the circular flow diagram.
Circular Flow Diagram:

a. Define GDP, giving what items comprise the GDP and then compute the value of GDP in Macronia .
b. Define net exports and the items that comprise it and compute the value of Net exports in Macronia .
c. Define disposable income and the items that comprise it and compute the value of disposable income in Macronia .
d. Define the elements of money flows into and out of households and compute the amounts . Does the total flow of money out of households equal the total flow of money into households? Explain.
e. Define the elements of flows of money into and out of the government and compute the amounts . Explain how the government finances its spending .

Reference no: EM13223299

Questions Cloud

What are the next three stages : It is generally agreed that HR planning involves four distinct phases or stages, the first being situation analysis or environmental scanning. What are the next three stages?

What will happen to the price paid by us consumers : The equilibluim of the French cost per pound would be $20 per pound and the pounds of lobster would be 700 This gives a good opportunity to sell to the fishermans and they would be better off. If they would sell more lobster at a higher price the ..

Determine the schedule variance : A project to develop a county park has an actual cost in month 12 of $140,000, a planned cost of $190,000, and a value completed of $180,000. Determine the schedule variance, cost variance, SPI, CPI, and CSI for the project.

What is productivity measure of units of output per dollar : A hamburger factory produces 40,000 hamburgers each week. The equipment used costs $5,000 and will remain productive for 4 years. The labor cost per year is $9,500.

Compute the value of disposable income in macronia : a. Define GDP, giving what items comprise the GDP and then compute the value of GDP in Macronia b. Define net exports and the items that comprise it and compute the value of Net exports in Macronia c. Define disposable income and the items that ..

Why has the joint venture been successful to date : GM entered the Chinese market at a time when demand was very limited. Why? What was the strategic rational?

Which model or models have explanatory power : Do one or more models of the business government- society relationship discussed in chapter 1 apply to the historical era set forth in this case? Which model or models have explanatory power and why?

What are the inefficiencies that arise in each of cases : How many bushels of corn are purchased by consumers and at what price? How many bushels of corn are purchased by the government and at what price? How much does the program cost the government? How much revenue do corn farmers receive.

Why capitalism has changed : Does the story of the American fur company hint at how and why capitalism has changed and has been changed over the years?

User Account

All Pages