Economics Homework Solutions
#3277
Calculating the GDP, NDP, GNP, NI etc from a data set
Consider the national income and output data listed:
1)Personal Consumption Expenditure= 1491
2)Transfer Payments 274
3)Depreciation -234
4)Retained earnings-112
5)Gross Fixed Investment-378
6)Fed. State Local Govts' Purchases-354
7)Changes in Bus.Inventories-26
8)Interest Paid To Institutions-176
9)Imports-248
10)Export-261
11)Personal Income Taxes-514
12)Indirect Bus. Taxes-177
13)Net Factor Income from abroad-minus 5
14) Corp.Profit Taxes-110
15) SS Contributions 95
**Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
The solution answers the question(s) below.
What is this?
By OTA - Overall OTA Rating
Jiong Tu, PhD (IP) - 4.8/5
Purchase Cost Now
$2.19 CAD (was ~$23.94)
Included in Download
- Plain text response
Why you can trust BrainMass.com
- Your Information is Secure
- Best Online Academic Help Service
- Students find real academic Success
- GDP versus GNP - What is the difference between gross domestic product (GDP) and gross national product (GNP)?
- What are the similarities and differences between GDP and national income - What are the similarities and differences between GDP and national income?
- GDP Problems - Answer the following questions based on the following data...GDP totals? GNP totals? Net domestic product is? National Income Totals? (See attachment for full question)
- Economics: GDP, GNP, net exports - DATA ARE IN TRILLIONS OF DOLLARS Personal consumption expenditures $3.0 Net private domestic investment 1.4 Depreciation 0.2 Government purchases of goods and services 2.0 Exports 0.5 Impo ...
- Consumption - 4) The following is information from the national income account for a hypothetical country. GDP = $6,000 Gross Investment = 800 Net Investment = 200 Consumption = 4,000 Government purchas ...
