3. (LO 3) In Table 3.9, you are given data for the country of Spruce. TABLE 3.7...
Question:
3. (LO 3) In Table 3.9, you are given data for the country of Spruce.
TABLE 3.7 Exports 130 Government spending 198 Consumption 430 Imports 118 Gross investment 126 Net foreign factor income −22 Depreciation 64 Indirect taxes 80 National income 600 Personal income taxes 140 Other income not paid out 40 Corporate profit taxes 45 Undistributed profits 28 Transfer payments 90 TABLE 3.8 TABLE 3.9 Net foreign factor income −17 Gross mixed income 123 Depreciation 152 Compensation of employees 425 Indirect taxes (net of subsidies) 97 Gross operating surplus 261 Taxes less subsidies on production 41
a) What is the value of GDI (at market prices)?
b) What is the value of NDI (at basic prices)?
c) What is the value of (net) national income?
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