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The table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars). Personal income taxes
The table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars). Personal income taxes 200 Indirect taxes (net of subsidies) 170 Corporate profit taxes 50 Exports 55 Government spending on goods and services 270 Disposable income 850 Personal savings 110 Imports 90 Compensation of employees 650 Investment (net) 80 Net foreign factor incomes 15 Gross operating surplus 130 Transfer payments 170 Depreciation 70 Taxes less subsidies on production 90 Other income not paid out 20 From this information, calculate the value of a. Consumption b. Net exports c. Gross investment d. GDP at market prices e. Gross mixed income f. NOP at basic prices g. National income h. Personal income
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