I.

these are the Factors causing variations in National Income

required: Giving and explaining the different causes of national income variation:

• Population
• Investment
• Savings
• Consumption

II.

Below is a list of domestic output and national income figures for a certain year. All figures are in billions.

REQUIRED: Determining the major national income measures by both the expenditures and the income approaches.

• Personal consumption expenditures 245
• Net foreign factor income 4
• Transfer payments 12
• Rents 14
• Statistical discrepancy 8
• Consumption of fixed capital (depreciation) 27
• Social Security contributions 20
• Interest 13
• Proprietors' income 33
• Net exports 11
• Dividends 16
• Compensation of employees 223
• Taxes on production and imports 18
• Undistributed corporate profits 21
• Personal taxes 26
• Corporate income taxes 19
• Corporate profits 56
• Government purchases 72
• Net private domestic investment 33
• Personal saving 20