2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.
2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.
Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
Problem 3TY
Related questions
Question
do fast.
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax