11. (LO 3) Table 3.17 shows some of the national income accounts for the economy of Elmwood...

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11. (LO 3) Table 3.17 shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars).

From this information, calculate the value of

a) consumption

b) net exports

c) gross investment

d) GDP at market prices

e) gross mixed income f ) NDP at basic prices g) national income h) personal income Personal income taxes 160 Indirect taxes (net of subsidies) 130 Corporate profit taxes 40 Exports 45 Government spending on goods and services 240 Disposable income 820 Personal savings 100 Imports 85 Compensation of employees 620 Investment (net) 90 Net foreign factor incomes +20 Gross operating surplus 190 Transfer payments 170 Depreciation 80 Taxes less subsidies on production 90 Other income not paid out 20

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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