Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Personal taxes 100 transfer payments 20 personal consumption expenditure 175 Income Tax Corp. 30 indirect taxes 20 balance of trade 200 Contribution to social security

Personal taxes 100

transfer payments 20

personal consumption expenditure 175

Income Tax Corp. 30

indirect taxes 20

balance of trade 200

Contribution to social security 30

depreciation 10

public spending 135

profits not distributed by the company 60

total gross investment 70

1) Determine the gross national product

2) Determine the net national product

3)Determine national income

4) Determine personal income

5) Determine personal disposable income

you must calculate in gross national product by the expenditure method and then calculate the disposable personal income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Intermediate Accounting Reporting And Analysis, 2017 Update

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd Edition

1337505625, 9781337505628

More Books

Students also viewed these Accounting questions

Question

Explain the meaning of the term source deductions.

Answered: 1 week ago

Question

Define Administration?

Answered: 1 week ago