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Question 1 Use the following data to answer the questions below. All figures are in billions. 66 22 Proprietor's Income Net Exports Dividends Wages and
Question 1 Use the following data to answer the questions below. All figures are in billions. 66 22 Proprietor's Income Net Exports Dividends Wages and Salaries Taxes on Production and Imports Undistributed Corporate Profits Personal Saving Consumption Receipts of factor income Payments of factor income Transfer Payments Rent Depreciation Social Security Contributions Interest Personal Taxes Corporate Income Taxes Corporate Profits Government Purchases Net Private Domestic Investment 32 446 36 42 40 490 20 12 24 28 54 40 26 52 38 112 144 66 A. Calculate GDP by both the expenditures and the income approaches. B. Calculate NDP C. Calculate NI in two ways. D. Calculate PI from NI E. Calculate DI and Personal saving rate
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