7. The following is information from the national income accounts for Ensperanza Island, a country on the Zambezi Ocean. Figure 1.1 Ensperanza Island GDP к 000 Gross Investment K800 Net Investment к200 Consumption К4000 Government Purchases of goods and services K1100 Government Budget surplus K30 Use the information in figure 1.1 to answer the following question. Calculate: (i) NDP (ii) Net Exports (iii) Government taxes minus transfers? (iv) Disposable personal income?

7. The following is information from the national income accounts for Ensperanza Island, a country on the Zambezi Ocean. Figure 1.1 Ensperanza Island GDP к 000 Gross Investment K800 Net Investment к200 Consumption К4000 Government Purchases of goods and services K1100 Government Budget surplus K30 Use the information in figure 1.1 to answer the following question. Calculate: (i) NDP (ii) Net Exports (iii) Government taxes minus transfers? (iv) Disposable personal income?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

7. The following is information from the national income accounts for Ensperanza Island, a
country on the Zambezi Ocean.
Figure 1.1 Ensperanza Island
GDP
К 6000
Gross Investment
K800
Net Investment
К200
Consumption
К4000
Government Purchases of goods and services
K1100
Government Budget surplus
K30
Use the information in figure 1.1 to answer the following question. Calculate:
(i)
NDP
(ii) Net Exports
(ii)
Government taxes minus transfers?
(iv)
Disposable personal income?

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