The following are national income accounting figures for a nation:
Durable Goods
150
Personal Taxes
71
Net Foreign Factor Income
12
Taxes on production and inputs
22
Transfer Payments
33
Undistributed Corporate Profits
17
Rents
26
Personal Savings
4
Capital Goods
60
Value of Imports
30
Consumption of fixed capital
31
Corporate Income Taxes
28
Social Security Contributions
39
Changes in Inventories
-20
Interest
29
Services
200
Nondurable Goods
175
Corporate Profits
75
Proprietors’ Income
59
Government Purchases
72
Value of exports
15
Dividends
30
Compensation of Employees
462
New Construction of Structures
70
CALCULATE THE VALUE AND SHOW YOUR CALCULATION OF EACH:
1. Consumption I THINK THE ANSWER IS 585
2. Gross Private Domestic Investment I THINK ITS 150
3. Net Exports I THNK its -15
4. National Income HOW do i get this?
5. GDP from Expenditures Approach ?
6. GDP from Income Approach?
7. Net Domestic Product
8. Personal Income ??
9. Disposable Income
10. Net Investment
11. Carefully explain what this value of net investment will imply for this economy.
12. Carefully explain what the value of net foreign factor income given in the table means.
Durable Goods
150
Personal Taxes
71
Net Foreign Factor Income
12
Taxes on production and inputs
22
Transfer Payments
33
Undistributed Corporate Profits
17
Rents
26
Personal Savings
4
Capital Goods
60
Value of Imports
30
Consumption of fixed capital
31
Corporate Income Taxes
28
Social Security Contributions
39
Changes in Inventories
-20
Interest
29
Services
200
Nondurable Goods
175
Corporate Profits
75
Proprietors’ Income
59
Government Purchases
72
Value of exports
15
Dividends
30
Compensation of Employees
462
New Construction of Structures
70
CALCULATE THE VALUE AND SHOW YOUR CALCULATION OF EACH:
1. Consumption I THINK THE ANSWER IS 585
2. Gross Private Domestic Investment I THINK ITS 150
3. Net Exports I THNK its -15
4. National Income HOW do i get this?
5. GDP from Expenditures Approach ?
6. GDP from Income Approach?
7. Net Domestic Product
8. Personal Income ??
9. Disposable Income
10. Net Investment
11. Carefully explain what this value of net investment will imply for this economy.
12. Carefully explain what the value of net foreign factor income given in the table means.