Suppose you are given the following information about some hypothetical economy
and its national income accounts. Use this information to answer the questions that
follow. (Amounts are in millions of Kshs.)
Indirect Business Taxes 459.50
Corporate profits 604.45
Corporate profits taxes 234.70
Proprietors' income 519.20
Rental Income 31.05
Net Interest 585.55
Exports 842.85
Imports 1190.20
Income Receipts from rest of world 427.8
Income Payments to rest of world 377.45
Net National Product 6190.4
Government expenditures for Goods and Services 1358.25
Personal current Transfer receipts 871.15
Social Security Taxes (employee & employer) 490.75
Personal Consumption expenditures 4892.85
Gross Private Domestic Investment 1082.45
Disposable personal income 5128.75
a. Find GDP and GNP
b. Find
c. Find National Income
Step by step
Solved in 2 steps