Using the data in the table, calculate GDP, GNP, NGNP, NI, PI, and disposable income. Gross Domestic Product (GDP)C Net National Product (NGNP)DAPersonal Income (PI)Gross National Product (GNP)National Income (NI)Disposable IncomeBFNoITEMSVALUE NOITEMSVALUE1Profit175011Depreciation1500Indirect taxes140012Government spending19503Retirement fund10013Private investment22204Interest111014Imports1340Receipts of factor income from5Payments of factor income to theworld150015500abroad6Corporate Income Tax50016Rent1150717Compensation of labor6000Social insurance payments1208 Durable goods850018Exports11209.Direct taxes22019Services190010Government Investment200020Proprietors' Income19402.

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Gross Domestic Product (GDP) c Net National Product (NGNP) Gross National Product (GNP) A Personal Income (PI) National Income (NI) Disposable Income D F No ITEMS VALUE NO IТЕMS VALUE 1 Profit 1750 11 Depreciation 1500 2 12 Indirect taxes 1400 Government spending 1950 3 Retirement fund 13 Private investment 100 2220 4 14 Imports Payments of factor income to the world Interest 1110 1340 Receipts of factor income from 5 1500 15 500 abroad 6. 16 Corporate Income Tax 500 Rent 1150 7 Compensation of labor 6000 17 Social insurance payments 120 8 18 Durable goods 8500 Exports 1120 9. 19 Direct taxes 220 Services 1900 10 20 Government Investment 2000 Proprictors' Income 1940

Gross Domestic Product (GDP) c Net National Product (NGNP) Gross National Product (GNP) A Personal Income (PI) National Income (NI) Disposable Income D F No ITEMS VALUE NO IТЕMS VALUE 1 Profit 1750 11 Depreciation 1500 2 12 Indirect taxes 1400 Government spending 1950 3 Retirement fund 13 Private investment 100 2220 4 14 Imports Payments of factor income to the world Interest 1110 1340 Receipts of factor income from 5 1500 15 500 abroad 6. 16 Corporate Income Tax 500 Rent 1150 7 Compensation of labor 6000 17 Social insurance payments 120 8 18 Durable goods 8500 Exports 1120 9. 19 Direct taxes 220 Services 1900 10 20 Government Investment 2000 Proprictors' Income 1940

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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