ECON 201-Macroeconomics Chapter 7/24 Homework Assignments Ensuing Question Will Ask You To Onal Income Figures For A Given Year. All Figures Are In Billions. The The Answers Derived By Each Approach Should Be The Same. Approaches Erine The Major National Income Measures By Both The Expenditures Consumption Expenditure On Durable Goods. Transfer Payments....

 

ECON 201-Macroeconomics Chapter 7/24 Homework Assignments The following is a list of national income figures for a given year. All figures are in billions. The ensuing question will ask you to determine the major national income measures by both the expenditures and income approaches. The answers derived by each approach should be the same. Consumption expenditure on durable goods.. Transfer payments... Rents... Capital consumption allowance (depreciation).. Social security contribution... Interest.. Proprietors' income... Dividends... Compensation of employees. Indirect business taxes.. Undistributed corporate profits. Personal taxes.. Corporate income taxes. Consumption expenditure on non-durable goods.. Gross private domestic investment.. .50 12 Exports.. Imports. Personal savings.. Corporate profits. Consumption expenditure on services.. Federal government purchase of goods and services.. State and local government purchases of goods and services.. ***SHOW ALL OF YOUR WORK/CALCULATIONS! 1. Use the above data to determine the GDP by the expenditure and income approaches 2. Compute the NDP 3. Compute the NI 4. Compute the DI if PI-$336 All Four Questions .14 ..27 20 21 .45 16 248 18 22 .26 .19 95 .62 7 .9 .16 57 .143 .35 .47