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The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment 80
The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars.
Billions of Dollars | |
---|---|
Gross private domestic investment | 80 |
Depreciation | 45 |
Exports | 40 |
Imports | 15 |
Government spending | 160 |
Personal consumption expenditures | 375 |
Indirect business taxes (net of subsidies) | 35 |
Personal taxes | 110 |
Employee compensation | 455 |
Corporate profits and FICA contributions | 60 |
Rental income | 5 |
Net interest | 15 |
Proprietors' income | 25 |
Transfer payments and other income | 55 |
Using the expenditure or income method, GDP for this country was $
billion.
Complete the following table by calculating national income, personal income, and disposable personal income for this country. (Note:Be sure to enter your figures in billions of dollars.)
Billions of Dollars | |
---|---|
National Income | |
Personal Income | |
Disposable Personal Income |
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