GDP and NNP help?...calculating?
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01-27-2013, 08:12 PM
Post: #1
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GDP and NNP help?...calculating?
Following... is a list of national income figures for agiven year. All figures are in billions. The ensuing questions will ask you todetermine the major national income measures by both the expenditure and incomemethods. The answers derived by each approach should be the same
Personal Consumption Expenditures $245 Transfer Payments $12 Rents $14 Capital Consumption Alowance $27 Social Security Contributions $20 Interest $13 Proprietors Income $31 Net exports $3 Dividends $16 Compensation Of Employees $221 Indirect Business Taxes $18 Undistributed corporate profits $21 Personal taxes $26 Corporate income taxes $19 Corporate profits $56 Government purchases of good $72 Net private domestic investment $33 Personal Saving $16 (A) Using the data above , determine the GDP and NNP bythe expenditure and income methods (B) NowDetermine NI (1) by making the required subtractions from GDP and (2) by addingup the types of income which comprise NI Ads |
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01-27-2013, 08:20 PM
Post: #2
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I have answered A and B combined.. Hope it helps
EXPENDITURE METHOD +$245 C Personal Consumption Expenditures +$033 I Net Private domestic investment +$027 D Capital Cost Allowances +$072 G Goverment purchases of Good +$003 NX Net exports _________________________________________ =$380 GDP Gross Domestic Product -$027 D Capital Cost Allowances _________________________________________ =$353 NDP Net Domestic Product +$000 NFE Net Foreign Facor income _________________________________________ =$353 NNP Net National Prod@Factor Costs -$018 Indirect Taxes _________________________________________ =$335 NNP Net National Prod @Market Cost (National Income) -$020 Social Security Contributions -$019 Corporate Income Taxes -$021 Undistributed Corporate Profits +$012 Transfer Payments _________________________________________ =$287 PI Personal Income -$026 Personal Taxes _________________________________________ =$261 DI Disposable Income -$016 Personal Saving _________________________________________ =$245 C Personal Consumption Expenditures Where We started _________________________________________ INCOME METHOD +$221 Compensation of Employees +$014 Rents +$013 Interests +$056 Corporate Profits +$031 Proprietors Income _________________________________________ +$335 NI National Income +$018 Indirect Taxes +$027 D Captial Cost Allowances +$000 Net Foreign Factor Income _________________________________________ =$380 GDP Gross Domestic Product Ads |
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