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The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the missing data. Remember to
The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the missing data.
Remember to enter a minus () sign to indicate negative values.
Expenditures | Incomes | ||
Consumption | Compensation of employees | 750 | |
Gross investment | 300 | Gross operating surplus | 300 |
Government spending | 330 | Gross mixed income | |
Net exports | 30 | Taxes less subsidies on production | 70 |
Indirect taxes (net of subsidies) | 140 | ||
Gross domestic product at market prices | Gross domestic income at market prices | ||
Less depreciation | Less depreciation | 110 | |
Less indirect taxes (net of subsidies) | Less indirect taxes (net of subsidies) | ||
Net domestic product at basic prices | Net domestic income at basic prices | ||
+/ net foreign factor income | +/ net foreign factor income | 10 | |
Net national product at basic prices | (Net) national income | ||
Add transfer payments | 190 | ||
Less undistributed profit | 50 | ||
Less corporate profit tax | 140 | ||
Less other income items | 60 | ||
Personal income | 1000 | ||
Less personal income taxes | 200 | ||
Disposable income | |||
Savings | 80 | ||
Consumption |
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