National Income Determination The following figures are from data on Good Island Economy Items $m Net private investment 940 Depreciation 56 Compensation of employees 2 256 Corporate taxes 416 Personal taxes 756 Personal Consumption expenditure 4 386 Government purchases 3 182 Indirect business taxes minus subsidies 482 Payment of factor income to the rest of the world 95 Corporate profits minus dividends 56 Government transfer payments and interest 243 Exports 855 Receipts of factor income from abroad 186 Imports of goods and services 385 Social insurance payments 332

Required: Use the above information to answer the following I.)

Calculate for Good Island: a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product [ e. National income [ f. Personal Income g. Disposable Personal Income