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You are given the following information on Zymaica economy by a Researcher. Depreciations 40 Personal Taxes 150 Personal Consumption Expenditures 900 Government Purchase of Goods
- You are given the following information on Zymaica economy by a Researcher.
Depreciations 40
Personal Taxes 150
Personal Consumption Expenditures 900
Government Purchase of Goods & Services 400
Indirect taxes minus Subsidies 300
Personal Interest Income 10
Gross Private Investment 350
Corporate Profits minus Dividends 75
Net Factor Payment to the rest of the World 160
Transfer Payment to persons 83
Exports of Goods and Services 450
Imports of Goods and Services 200
Social Insurance payments 110
Use the information above to calculate:
- GDP using the expenditure approach (3 marks)
- National Income (3 marks)
- Personal Income (2 marks)
- Disposable Income (2 marks)
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