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Hello there Course Hero Can you please help me to understand why the figure for national income in this problem is $322? in this problem
Hello there Course Hero Can you please help me to understand why the figure for national income in this problem is $322? in this problem Thank you Table 1: National Income Statement | |
Indirect taxes (less subsidies) | $30 |
Other income not paid out to persons | 10 |
Direct (Personal Income) taxes | 60 |
Corporation income taxes | 35 |
Government transfer payments | 25 |
Exports | 30 |
Undistributed corporate profits | 22 |
Government purchases of goods and services | 100 |
Gross corporation profits | 85 |
Imports | 23 |
Consumption expenditures | 200 |
Net investment | 50 |
Net foreign factor income | -5 |
Gross investment | 75 |
3. | What is the figure for national income? |
A) $352. B) $339. C) $347. D) $322. E) $332. |
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