MEI Macroeconomics Lab

Objective 1.
Gross Domestic Product - 480, the amount of net investment -30, gross investment - 80, the volume of household consumption -300, -96 public spending, excess state. Budget - 3.
Determine: a) the net national product, b) the net exports (NE).
a) NNP GNP differs from the value of depreciation. At the same amount different gross and net investment.
Consequently,
D = Ibr- In = 80 - 30 = 50
then NNP = 480 - 50 = 430.
Since there is no problem in terms of indirect taxes and subsidies, the
NNP = ND = 430.

b) Now, net exports can be defined as a residual value
NE = y - C - In - G = 430 - 300 - 30 - 96 = 4.
Objective 2.
LP-500, the disposable income - 410, the excess of indirect taxes over subsidies to the business sector 20, household consumption-380, the trade deficit (excess of imports over exports) -10.
Determine: a) public expenditure, b) the sum of direct taxes, if the public deficit is equal to 10.

a) In accordance with the SNA In = S. Since S = yv - C = 410 - 380 = 30,
then In = 30.
Now, net exports can be defined as the residual value of the articles use ND
G = y - C - In + (E - Z) = 500 - 380 - 30 - 10 = 80.

b) Since net indirect taxes are 20, and the budget deficit (- 10), the direct taxes are
T = G - Tkos + δ = 80 - 20 - 10 = 50.

Task 3.
In an economy consisting of three branches -I, II, III, the production technology is characterized by the ratio of direct operating costs aij

I II III
I

II

III 0,1

0.3

0.3 0.2

0.2

0.4 0.2

0.4

0.1
With full use of the industry, the industry I can produce -717,51, II - 1338,98, III-1389,83 units. products. What should be the demand for the final product, if the equation of interbranch balance is can be seen from Xi = -Σ a ijXj

The volume of demand for the final products are obtained by solving
interbranch balance equations:

YI = 717,51 - 0,1 • 717,51 - 0,2 • 1338,98 - 0,2 • 1389,83 = 100;
YII = 1338,98 - 0,3 • 717,51 - 0,2 • 1338,98 - 0,4 • 1389,83 = 300;
_ Y III = 1389,83 - 0,3 • 717,51 - 0,4 • 1338,98 - 0,1 • 1389,83 = 500.
Task 4
What is the difference extensive factors of economic growth from intensive?
By the extensive growth factors include:
 -Increase the amount of investments, while maintaining the current level of technology;
 increase in the number of employed workers;
 the growth of consumption of raw materials, fuel and other elements of working capital.
To intensive growth factors include:
 acceleration of scientific and technological progress (introduction of new equipment, technology by updating the fixed assets, etc.);
 training of employees;
 improve the use of fixed and current assets;
 improving the efficiency of business activities due to its better organization.