Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

  1. 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:

  1. GDP using the expenditure approach (3 marks)
  2. National Income (3 marks)
  3. Personal Income (2 marks)

  1. Disposable Income (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Accounting Principles Part 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

6th Canadian edition

978-1118306789

More Books

Students also viewed these Economics questions