1. Calculate GDP, NDP, NI, PI, and DI from the following information. All numbers are in billions of dollars. Wages $ 26,500 Consumption Expenditures $30,000 Government Expenditures $15,000 Imports $18,000 Exports $20,000 Property Taxes $16,000 Sales Taxes $9,715 Retained earnings $1,310 Personal Income Taxes $2,200 Private Investment Expenditures $14,000 Interest Income $1,940 Pay Roll taxes $1,000 Transfer Payments $800 Depreciation $1,200 Net Income Made Abroad by Americans $160 Indirect Business taxes $2,000 Corporate Income Taxes $300 2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 240 million people out which 70 million are under the age of 16, 30 million don't want to work and 10 million are looking for work. 3. Calculate the inflation rate from 2019-2020 if the index number in 2019 was 115 and the index number in 2020 was 119.
1. Calculate
Wages $ 26,500
Consumption Expenditures $30,000
Government Expenditures $15,000
Imports $18,000
Exports $20,000
Property Taxes $16,000
Sales Taxes $9,715
Retained earnings $1,310
Personal Income Taxes $2,200
Private Investment Expenditures $14,000
Interest Income $1,940
Pay Roll taxes $1,000
Transfer Payments $800
Net Income Made Abroad by Americans $160
Indirect Business taxes $2,000
Corporate Income Taxes $300
2. Calculate a) labor force, b) labor force participation rate, and c)
3. Calculate the inflation rate from 2019-2020 if the index number in 2019 was 115 and the index number in 2020 was 119.
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