Economics

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Cengage Learning, Dec 17, 2008 - Business & Economics - 864 pages
Let Roger Arnold's ECONOMICS be your partner for success. With innovative new pedagogical features, increased coverage of globalization, easy customization, and fully integrated digital and course management options, ECONOMICS is the perfect solution for any classroom. Packed with intriguing pop culture examples, the text bolsters student interest by illustrating the unexpected places economics occurs, and how economic forces link events to our lives. The ninth edition is integrated with powerful resources, such as Aplia and the Tomlinson videos, which enable instructors to teach what they want, how they want. These resources also provide unsurpassed planning and management tools, like homework that is automatically assigned, graded, and recorded online. With new content reflecting a changing economy, and new resources addressing the needs of a changing classroom, ECONOMICS 9e is an ideal text for Principles courses.
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Using the following data (All numbers are in billions of dollars) Consumption $1,149.5 Investment 400.3 Government purchases 425.3 Net exports 89.1 Capital consumption allowance 303.8 Indirect business taxes 213.3 Statistical discrepancy 4.4 Social Security insurance taxes 216.5 Transfer payments 405.6 Undistributed profits 91.0 Corporate profits taxes 77.7 Personal taxes 340.0 Dividends 0.0 Compensation of employees 800.0 Income earned from the rest of the world 50.0 Income earned by the rest of the world 56.0 Proprietors’ income 400.0 Rental income 145.0 Net interest 23.0 Now calculate:- (a) Gross Domestic Product (GDP), (b) Net Domestic Product (NDP), (c) National Income (NI), (d) Personal Income (PI) and (e) Disposal Income (DI).solve 

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book 1 economics

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About the author (2008)

Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has published numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of economics supplemental text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold earned a B.S. in Economics from the University of Birmingham in England and received his M.A. and his Ph.D. degrees from Virginia Tech.

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