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Module review question: The following table shows some of the national income accounts of Greenwood (all figures are in billion dollars) Accounts: Personal income taxes

Module review question: The following table shows some of the national income accounts of Greenwood (all figures are in billion dollars)

Accounts:

Personal income taxes 160

Indirect taxes 130

Corporate profit taxes 40

Export 45

Government spending on goods and services 240

Disposable income 820

Personal savings 100

Imports 85

Wages 620

Social Security Taxes 50

Gross Investment 170

Net foreign factor income 20

Gross corporate profit 130

Transfer payment 170

Depreciation 80

Undistributed corporate profits 55

Personal interest payment 20

Inventory changes 10

Using this information, compute the following:

a.Consumption Expenditures

b.Gross Domestic Product (GDP)

c.Gross National Product (GNP)

d.Domestic National Income (DNI)

e.Personal Income

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