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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: $16

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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: $16 Rents: 16 Income Receipts from Rest of the World 37 Exports: 24 Income Payments to Rest of the World 45 Corporate Profits: 88 Government Purchases Of Goods & Services: 69 Interest Income: 19 Personal Income Taxes: 38 Dividends: 23 Corporate Income Taxes: 28 Imports: 17 Indirect Business Taxes: 12 Proprietors' Income: 25 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. 2. Using the following data, calculate GDP, GNP and NNP by both the expenditure approach and the income approach (dollars in billions). Indirect Business Taxes: $217.5 Net Exports: 23.3 Personal Consumption Expenditures: 2,672.8 Corporate Profits: 680.7 Gross Private Domestic Investment: 895.3 Interest Income: 279.8 Government Purchases of Goods & Services: 934.7 Proprietors' Income: 130.6 Depreciation/Capital Consumption Allowance: 287.2 Rents: 33.8 Wages & Salaries: 2,896.5 Income Receipts from Rest of the World 247.1 Income Payments to Rest of the World 188.9 By the way, what is Net Investment for this economy

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