Question
You are given the following information for an economy: Billons of dollars Consumption 400 Net Exports. -20 Transfer Payments. 20 Gross Investment. 100 Social Security
You are given the following information for an economy:
Billons of dollars
Consumption 400
Net Exports. -20
Transfer Payments. 20
Gross Investment. 100
Social Security Contributions 10
Government Purchases 120
Net Investment 50
Dividends 20
Indirect Business Tax 10
Corporate Business Tax 30
Personal Income Tax. 60
Undistributed Corporate Profits 20
Calculate the following:
- Gross Domestic Product
- Net Domestic Product
- National Income
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Managerial Economics And Strategy
Authors: Jeffrey M. Perloff, James A. Brander
3rd Edition
0134899709, 978-0134899701
