The table below shows some of the national income accounts for the economy of Elmwood (all figures
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Question:
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 140
Indirect taxes (net of subsidies) 110
Corporate profit taxes 45
Exports 50
Government spending on goods and services 210
Disposable income 790
Personal savings 100
Imports 70
Compensation of employees 590
Investment (net) 80
Net foreign factor incomes 15
Gross operating surplus 140
Transfer payments 160
Depreciation 70
Taxes less subsidies on production 90
Other income not paid out 20
1) 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. NDP at basic prices
g. National income
h. Personal income
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