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Suppose a country has the following economic data (All figures are in billions): Questions: 1. Determining GDP and NDP by the expenditure method by using
Suppose a country has the following economic data (All figures are in billions): Questions: 1. Determining GDP and NDP by the expenditure method by using the above data 2. Using the income method, calculate National Income (NI) 3. Calculating DI 1 Consumption of fixed capital 27 2 Transfer payments 12 3 Compensation of employees 223 4 Indirect business taxes 18 5 Corporate income taxes 19 Interest 13 7 Net foreign factor income earned 4 8 Government purchases on goods and services 72 9 Net private domestic investment 33 10 Undistributed corporate profits 21 11 Net exports 11 12 Rents 14 13 Personal consumption expenditures 245 14 Dividends 16 15 Personal taxes 26 16 Corporate profits 56 6
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