QUESTION 3 (10 MARKS) Use the following data to answer the questions below. Items Dollar Net Investment
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Question:
QUESTION 3 (10 MARKS)
Use the following data to answer the questions below.
Items
Dollar
Net Investment
110
Depreciation
30
Exports
50
Imports
30
Government purchases
150
Consumption
400
Indirect business taxes
35
Income earned but not received
60
Income received but not earned
70
Personal income taxes
50
Employee compensation
455
Corporate profits
60
Rental income
20
Net interest
30
Proprietor's income
40
Net earnings of US resources abroad
40
- Calculate GDP using the income and expenditure methods
(4 marks)
- Calculate net domestic product
(2 marks)
- Calculate national income
(2 marks)
- Calculate personal income
(1 mark)
- Calculate disposable income.
(1 mark)
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