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Problem 8-2 (algo) The table below shows the national income accounts for a hypothetical economy, Metrica. Metrica's National Accounts (2022) ($ billions) Corporate income 99
Problem 8-2 (algo) The table below shows the national income accounts for a hypothetical economy, Metrica. Metrica's National Accounts (2022) ($ billions) Corporate income 99 Exports 73 Wages and salaries 542 Net international income to the rest of the world 4 Gross investment 152 Government purchases 178 Indirect taxes 73 Personal consumption 478 Imports 26 Depreciation 75 Proprietors' incomes and rents 54 Statistical discrepancy ? a. The income-based estimate of Metrica's GDP is $ billion. b. The expenditure-based estimate of Metrica's GDP is $| 855 billion. c. The value of the statistical discrepancy which is added to the lower estimate and subtracted from the higher estimate to find a single GDP value is $ billion. d. Metrica's GDP is $ 855 billion. e. Metrica's capital stock |expanded by $ 77 billion. f. Metrica's GNI is $ 859 billion. This means that income earned by the residents of other countries for their involvement in production in Metrica is |greater than income earned by residents of Metrica for their involvement in production in the rest of the world
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