Limitation of national income accounting

Assignment Help Macroeconomics
Reference no: EM1314658

1. Briefly accounting describe two limitations of national income

2. You've been given the following data:

Net non-business interest income

27

Government purchases

600

Corporate retained earnings

33

Gross private investment

500

Depreciation

10

Net exports

-50

Personal consumption

2,500

Transfer payments from government

10

Foreign factor income earned domestically

320

Personal taxes

62

Social security taxes

17

Income from foreign domestic factor sources

300

Indirect taxes

45

On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.

Reference no: EM1314658

Questions Cloud

Average forecast method : Compute a 5-month moving average forecast for June through January.
Using foil method to simplify algebraic expression : Using foil method to simplify algebraic expression.
Find magnitudes of these three forces : Find the value of Q that would make the thickness of the equivalent body 0.1 times its length (i.e the value of y at the dividing streamline at x=0 is 1/10 of the x coordinate at the aft stagnation point.).
Compute the balance in the cash account : Compute the balance in the Cash account at the end of March and What are the total assets of Fieldstone, Inc. at the end of March
Limitation of national income accounting : Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Accuracy of the forecasts using mad : Compare the two forecasts computed in (a) and (b), using  MAD.  Which one should the dealer use for January of the next year?
How fast is the boy sliding : The mass of a space shuttle is approximately 2.0x10^6 kg. Throughout lift-off, the net force on the shuttle is 1.0x10^7 newtons directed upward. What is the speed of the shuttle 10 seconds after liftoff.
Prepare next year''s financial plan for haverly : Prepare next year's financial plan for Haverly on the basis of these assumptions and last year's financial statements. Include a projected income statement, balance sheet, and statement of cash flows.
Maximum height above the water the stone reaches : An archer shoots an arrow horizontally at the target 14 m away. The arrow is aimed directly at the center of target, but it hits 59 cm lower.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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