Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below shows the National Income data. National Income Data (all figures are in billions of dollars) Business retained earnings 240 Corporate profits 276

The table below shows the National Income data.

National Income Data (all figures are in billions of dollars)

Business retained earnings

240

Corporate profits

276

Personal Consumption Expenditures

1491

Interest Income (Net Interest)

46

Personal Interest Income

46

Total Transfer Payments

274

Dividend Income

36

Depreciation (Capital Consumption Allowance)

234

Gross Capital Investment

378

Changes in Business Inventories

26

Rental Income

28

Imports

248

Federal Government Purchases of Goods & Services

148

State and Local Government Purchases of Goods & Services

286

Personal Income Taxes

514

Exports

261

Indirect Business Taxes (and miscellaneous adjustments)

177


You are required to Calculate

Gross Domestic Product (GDP) (2Marks)

Net National Product (NNP) (2Marks)

National Income (NI) (2Marks)

Personal Income (PI) (2Marks)

Personal Disposable Income (2Marks)


Step by Step Solution

3.31 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

Gross Domestic Product GDP C I G XM Where C Consumption I Investment G Government spending XM Net ex... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon
60b9222d162f1_203168.pdf

180 KBs PDF File

Word file Icon
60b9222d162f1_203168.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Corporate Finance

Authors: Richard Brealey, Stewart Myers, Alan Marcus

8th edition

77861620, 978-0077861629

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago

Question

Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.

Answered: 1 week ago