Question
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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