Calculating gdp from raw economic data:
the following list shows macroeconomic data for...
Mathematics, 15.10.2019 03:30 Elency
Calculating gdp from raw economic data:
the following list shows macroeconomic data for a hypothetical country. all figures are in billions of dollars.
gross private domestic investment = 110
depreciation = 30
exports = 55
imports = 40
government spending = 140
personal consumption expenditures = 400
indirect business taxes (net of subsidies) = 25
personal taxes 120 employee compensation = 450
corporate profits and fica contributions = 100
rental income = 20
net interest = 25
proprietors' income = 15
transfer payments and other income = 55
a) using the expenditure or income method, gdp for this country was $ billion.
b) complete the following by calculating income, personal income and disposable personal income for this country. (note: be sure to enter your figures in billions of dollars.)
national income billions of dollars
personal income billions of dollars
disposable personal income billions of dollars
Answers: 2
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Mathematics, 21.11.2019 18:31
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