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1. The following is a list of an economy's National Income Account data for a particular year (in billions of dollars). Government Transfer Payments:
1. The following is a list of an economy's National Income Account data for a particular year (in billions of dollars). Government Transfer Payments: $16 Income Receipts from Rest of the World 37 Rents: Exports: Income Payments to Rest of the World 45 Government Purchases Of Goods & Services: 69 Corporate Profits: Interest Income: Personal Income Taxes: 38 Dividends: Corporate Income Taxes: 28 Imports: Indirect Business Taxes: 12 Proprietors' Income: 62822725 16 24 88 19 23 17 Payroll Taxes: 21 Undistributed Corporate Profits: 19 Wages & Salaries: 230 Personal Consumption Expenditures: 267 Depreciation (Capital Consumption Allowance): 14 Net Private Domestic Investment: 47 Calculate GDP, GNP, NNP, National Income, Personal Income and Disposable Personal Income. You should be able to compute GDP using both the expenditures approach and the income approach.
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