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book Macroeconomics 13th Edition by William Baumol ,Alan Blinder cover

Macroeconomics 13th Edition by William Baumol ,Alan Blinder

Edition 13ISBN: 978-1305280601
book Macroeconomics 13th Edition by William Baumol ,Alan Blinder cover

Macroeconomics 13th Edition by William Baumol ,Alan Blinder

Edition 13ISBN: 978-1305280601
Exercise 13
(More difficult) Now complicate Trivialand in the following ways and answer the same questions. In addition, calculate national income and disposable income. 11
a. The government bought 50 cars, leaving onlY₁50 cars for export. In addition, the government spent $800,000 on wages and made $1,200,000 in transfer payments.
b. Depreciation for the year amounted to $600,000 for Specific Motors and $200,000 for Super Duper. (The farmers had no depreciation.)
c. The government levied sales taxes amounting to $500,000 on Specific Motors and $200,000 on Super Duper (but none on farmers). In addition, the government levied a 10 percent income tax on all wages, interest, and rental income.
d. In addition to the food and cars mentioned in Test Yourself Question 2, consumers in Trivialand imported 500 computers from the United States at $2,000 each.
Explanation
Verified
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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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