National income account Personal consumption expenditures Personal taxes Government consumption and gross investment Interest income Exports Imports Depreciation Gross investment Billions of dollars $950 280 400 6 140 75 60 120
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- Calculate the value of output if:- Net value added at factor cost = $200 Intermediate consumption = $120 Depreciation = $20 Tax = $40 Subsidy = $10 All values are in millionThe following is data for a manufacturing company:Begin Direct Materials $ 2,000 Direct Labor $ 5,000End Direct Materials 3,000 Begin Work-in-Process 4,000End Work-in-Process 6,000 Manufacturing Overhead 12,000Direct Materials Purchased 10,000 Cost of Goods Manufactured 24,000Cost Goods Sold ? End Finished Goods 9,000Gross Margin (Profit) ? Net Income ? Operating Expenses 6,000 What is the amount of Direct Materials used in production?Question 25 Subtraction of from Gross National Product yields Gross Domestic Product. O factor income to the rest of the world F Onet factor income O depreciation Onet government income Onone of the above A Click Submit to complete this assessment. Type here to search IF Q A 12. S 13 # D $ Et V R % 1 Chip
- The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month=4 weeks. Income Expenses Part-time job: $1300/month Rent: $550/month Student loans: $6000/year Groceries: $60/week Scholarship: $8500/year Tuition and fees: $7500/year Health insurance: $55/month Entertainment: $300/month Phone: $45/monthI cant seem to remeber the formula to use to fill out S2 and D2Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exports
- taxable income on ructions, and publications, visit www.irs.gov or call RM (800-829-3676). u e-tile your tax return? Electronicaly fled returns are less kely to have ma errors resulting in notices such as this one. t's free to file your taxes electronicaly Go to www.irs.govlefile for information and instructions • You can contact us by mail at the address at the top of the first page of this notice de sure to include your Social Securiy Cumber and the tar year and form number you are writing about • Keep this notice for your records • Activity on your 2020 account may be detaying the relese of your neftund receive a notice explaining this delay • Estimated Tax Filers Note, i# you pn sta taes c Hill Graw P Type here to search 直。 000'006$ ) $750,000. eBook The total revenues of Harvey's firm in the first year were 81°F Sunny ^ 10/17/2021 3:57 PMFind value of output if:- Net value added at FC = $200 million Intermediate consumption = $150 million Depreciation = $20 million Tax = $40 Subsidy = $20 millionYear GPP IncomedfIst Taale Incame of Dnd Tersile Incamedt3rd Terat 1950 atrilao,4Trillion 10.6 Trillion ITrillion doa016Till 0.8 Trillon l2.4 Trillionl 12.8 Trillicn Compute 6PP between 1950 and 2020 A, 1,200%. B. 100 Cil,H00 Y. D. l,600%-
- If you would have to pay $8,000 in taxes on $90,000 taxable income and $10,000 in taxes on $94,000 taxable income, then the marginal tax rate on the additional $4,000 of income is Mutiple Choice 10 percent, and the average ta rate is so percent at the $94.000 income evel 50 percent, ond the average tax rate is 20 percent at the S90.000 income evel s0 percent, but avernge tax rates cannot be determined from the intormation given 50 percent, and the average tax rate is about 11 percent at the $94.000 income levelBased on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% O 28% 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 0000 O 22% 31% 33% 24% Income tax amount $31201.83 $73093.68EXCERCISES Y S АРC APS MPC MPS 100 100 150 200 200 300 250 Complete the table above