Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Personal income taxes 180 Indirect taxes (net of subsidies) 150 Corporate profit taxes 40 Exports 45 Government spending on goods and services 250 Disposable income

Personal income taxes 180 Indirect taxes (net of subsidies) 150 Corporate profit taxes 40 Exports 45 Government spending on goods and services 250 Disposable income 830 Personal savings 90 Imports 75 Compensation of employees 630 Investment (net) 100 Net foreign factor incomes 25 Gross operating surplus 160 Transfer payments 200 Depreciation 90 Taxes less subsidies on production 70 Other income not paid out 20 From this information, calculate the value of: a. Consumption b. Net exports c. Gross investment d. GDP at market prices e. Gross mixed income f. NDP at basic prices g. National income h. Personal income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Informed Decisions Using Data

Authors: Michael Sullivan III

5th Edition

978-0134135373, 134133536, 134135377, 978-0134133539

Students also viewed these Economics questions