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Compute GDP, NDP, NI, and PI Below are hypothetical National Income Accounting Data for an economy. On the NIA sheet that is provided, compute GDP,

Compute GDP, NDP, NI, and PI

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Below are hypothetical National Income Accounting Data for an economy. On the NIA sheet that is provided, compute GDP, NDP, NI, and PI. 1 Depreciation 612 2 Government Expenditures for Goods & Services 2016 3 Imports 288 4 Personal Income Taxes 912 5 Transfer Payments 522 6 Exports 216 7 Disposable Personal Income 2280 8 Personal Savings 240 9 Gross Private Investment 1104 10 Indirect Business Taxes 528 11 Social (Security) Contributions 552 12 Corporate Taxes 312 Extra practice: (Just double the answers from the first problem to see Below are hypothetical National Income Accounting Data for an economy. On the NIA sheet that is provided, compute GDP, NDP, NI, and PI. 1 Depreciation 1,224 2 Government Expenditures for Goods & Services 4,032 3 Imports 576 4 Personal Income Taxes 1,824 5 Transfer Payments 1,044 6 Exports 432 7 Disposable Personal Income 4,560 8 Personal Savings 480 9 Gross Private Investment 2,208 10 Indirect Business Taxes 1,056 11 Social (Security) Contributions 1, 104 12 Corporate Taxes 624 Page 1 of 1Formulas: NDP - IBT = NI NI +/- the following = PI PI - PIT = DPI GDP - CCA = NDP (Incomes) or Depr. Capital Consumption Allowance or Depreciation: Indirect Business Taxes Gross Private Investment Net Private Investment Wages and Salaries -Social Contributions Corporation Profit BT = Personal Income Taxes Corporate Taxes 19 + Corporate Taxes Govt Expenditures Gov't Expenditures For Goods & Services For Goods & Services + Dividends Personal Consumption - Undist Corpt Profits Expenditures 23 + Undistribu Corp Profits 24 25 Personal Consumption Personal Consumption 26 Expenditures Expenditures 27 Proprietor's Income 28 + Transfer Payments 29 Personal Savings 30 Rental Income 31 Net Exports: Exports - Imports Net Exports: Exports - Imports 32 33 Net Interest 34 35 Gross Domestict Product Net Domestic Product National Income Personal Income Disposable Personal Income

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