Question
On the basis of the following national accounting data, answer the questions below. __________________________________________________________________________ Household consumption expenditures ........................................ $284 Profits of corporations and government enterprises
On the basis of the following national accounting data, answer the questions below.
__________________________________________________________________________
Household consumption expenditures ........................................ $284
Profits of corporations and government enterprises ...........................46
Exports.....................................................................................94
Capital consumption allowance (depreciation)...................................65
Government current purchases of goods and services.......................113
Net income of farm and unincorporated businesses............................24
Taxes less than subsidies on factors of production.............................75
Wages, salaries, and supplemental labour income............................371
Gross investment.......................................................................167
Indirect taxes less subsidies on products..........................................11
Interest and investment income......................................................59
Imports.......................................................................................7
Net investment income from non-resident....................................(-) 10
_________________________________________________________________________
a) Using the above data, calculate the GDP expenditure-based .
_____________________________________________________
b) Using the above data, calculate the GNP ?
_____________________________________________________
c) Using the above data, calculate the net investment ?
_____________________________________________________
d) Using the above data, do you think this economy is an expanding economy or a declining economy? and Why ? Please include the formulas with the answers. Thank you !
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