Category Value Personal consumption expenditures$245 billion. Using the following NIPA data, compute GDP. purchases of goods and services = $ 200 Construction of new homes = $ 100 Sales of existing homes = $ 200 Imports = $ 50 Beginning of year inventory = $ … Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of ... constructed using largely independent source data. Imports$16 billion. Personal consumption expenditures. Calculating GDP Problem: Given the following data, compute GDP: Consumption expenditures = $ 600 Exports = $ 75 Govt. Wages and salaries$227 billion. Government purchases. 24-12 (Key Question) The following table shows nominal GDP and an appropriate price index for a group of selected years. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. Gross Domestic Product, Second Quarter 2019 (Advance Estimate) and Annual Update . Exports. Value $60 billion Category Personal consumption expenditures Wages and salaries Imports Corporate Profits Depreciation Gross private domestic investment $30 billion -$10 billion $30 billion $8 billion $25 billion GDP is $0 billion . They are one of the main sources of data on general economic activity in the United States. Corporate Profit $40 billion. Transfer Payments 1700 Interest 700 Net Exports 500 Indirect business taxes 685 Net foreign factor income 15 Gross Private Domestic Investment 1500 Rents 200 Government purchases 2100 Personal Consumption Expenditures 8000 Proprietor income 850 Undistributed corporate profits 300 corporate … Corporate profits. National Income and Product Accounts . Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. Round your answers to one decimal place. Gross private domestic investment$84 billion. Wages and salaries. All figures are in billions. The national income and product accounts (NIPA) form the basis for measuring GDP and allows people to analyze the impact of variables, such as … All figures are in billions. Depreciation $26 billion. All figures are in billions. If any clarification on the terminology or inputs is necessary, refer to the information section below the calculators. 1. category value compensation of employees $ 196.2 U. S. exports of goods and services 19.8 Consumption of fixed capital 11.8 government purchases 59.4 taxes on production and imports 14.4 net private domestic investment … I have the following data and am supposed to compute the above. 1974 1984 1994 2004 $663.6 Government purchases $80 billion Exports $7 billion. Consumption of fixed capital (depreciation) Gross private domestic investment. All figures are in billions.Category - ValueCompensation of employees - $194.2U.S. Year Nominal GDP, Billions Price index (2000 = 100) Real GDP, Billions 1964. Imports. I have no idea how. 12-7 Using the following NIPA data, compute GDP. The GDP (gross domestic product) can be calculated using either the expenditure approach or the resource cost-income approach below. The national income and product accounts (NIPA) are part of the national accounts of the United States.They are produced by the Bureau of Economic Analysis of the Department of Commerce. Using the following NIPA data, compute GDP. Compute real GDP. GDP is $245. exports of goods and services - 17.8Consumption of fixed capital - 11.8Government purchases - 59.4Taxes on production and imports - 14.4Net private domestic investment - 52.1Transfer payments - 13.9U.S. Category Value Compensation of employees $196.2 U.S. exports of goods and services 19.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments […] 223 18 42 28 86 82 9 GDP = $404 = [$245 + 86 + 82 + (9-18)] Economics Q&A Library Using the following national income accounting data, compute GDP, NDP, and NI. Question ) the following table shows nominal GDP data Exports $ 7.... Deflating the nominal GDP, Billions 1964 2019 ( Advance Estimate ) and Annual Update, NDP, (... ) and Annual Update of fixed capital ( depreciation ) Gross private domestic.... ( depreciation ) Gross private domestic investment of selected years ) the following national income accounting,... 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