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The accompanying chart presents 2010 data from the national-income accounts of the U.S.
Component Billions of Dollars
Personal 10245.5
Employment compensation 7971.4
Rents 350.2
Gov. consumption and investment 3002.8
Imports 2356.7
Depreciation 1876.6
Corporate profits 1800.1
Interest income 564.3
Exports 1839.8
Gross private investment 1795.1
Indirect Business taxes 1117.7
Self-employment 1036.4
Net income of foreigners -189.4
a. Indicate the various components of GDP when it is derived by the expenditure approach. Calculate GDP using the expenditure approach.
b. Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate using the resource cost-income approach.
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
Believe that they must be able to explain people's tastes in order to elucidate what happens when tastes change.
Using two-part pricing , what will be the entry (membership) fee? What will be the per-unit fee? Compute the profit earned from a typical consumer with two-part pricing. Hint: same as perfect price discrimination profit.
Illustrate what happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000.
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste. What would we have to give up.
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
make the fullest possible use of their abilities. Support your paper with at least two articles from the Library. Your paper must be APA compliant.
Mining is proposed for a wilderness area that provides two benefits: recreation due to backpacking opportunities and biodiversity there are endangered wildlife and plants.
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
Annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption, investment, government spending, exports and imports. Estimate changes in economic growth and in the component shares.
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