Question
Use the following data to answer the questions below. Items Dollar Net Investment 110 Depreciation 30 Exports 50 Imports 30 Government purchases 150 Consumption 400
Use the following data to answer the questions below.
Items Dollar
Net Investment 110
Depreciation 30
Exports 50
Imports 30
Government purchases 150
Consumption 400
Indirect business taxes 35
Income earned but not received 60
Income received but not earned 70
Personal income taxes 50
Employee compensation 455
Corporate profits 60
Rental income 20
Net interest 30
Proprietor's income 40
Net earnings of US resources abroad 40
i.Calculate GDP using the income and expenditure methods
ii.Calculate net domestic product
iii.Calculate national income
iv.Calculate personal income.Calculate disposable income.
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