year output(unit sold) price population

1722 150,000 $9 20,000

1723 200,000 $12 20,500

1724 180,000 $11 21,200

1725 250,000 $14 23,000

Assume that Table 1 above represents the price and quantity sold of one good in the magical imaginary country of "Onelandia".You can assume that this one good sold is the only good that contributes to GDP in "Onelandia".Also notice that the population is listed in the final column, and assume that 1723 is the base year. Use this table to help you answer the next three questions (5 - 7)

5. According to the information in Table 1 approximately what would the Real GDP per capita be in 1722?

88

90

68

57

117

101

6. Given the information in Table 1, what would the Real GDP be in 1725?

7. According to the information listed above for Table 1, approximately what would the GDP Index be for 1724?

91.6

100

122.2

90

101.8

133.3

Table 2

Dollars

Transfer Payments. 16

Government Purchases. 80

Personal Taxes. 38

Corporate income taxes 28

Taxes on production and imports 15

Social Security Contributions 8

Undistributed Corporate Profits 19

Proprietors' Income 25

Compensation of employees 301

Personal consumption expenditure 322

Consumption of fixed capital (depreciation) 4

Rents 10

Exports 14

Corporate Profits 70

Interest 12

Imports17

Gross Private domestic investment 63

Net foreign factor income 10

Statistical Discrepancy 35

Assume that Table 2 represents the referenced figures for a given year in the country of "Almost Done". Use this table to answer the remaining questions.

1.What is the GDP for the country of "Almost Done" according to Table 2?

2.According to Table 2, what is the National Income for "Almost Done"?

3.What is the Disposable income for "Almost Done" for this year, according to Table 2?

4.According to Table 2, What is the net private domestic investment for the year in "Almost Done"?