Meena earns Tk. 9000 from her poultry firm. Over the day, equipments of egg hatcheries depreciate in value by Tk. 400.Of the remaining amount; Meena gives Tk.250 to the government in sales taxes. Later she retains 290 taka in her business for buying new machines and receives 470 as old scheme benefit. From the remaining amount that Meena takes home, she pays Tk.500 as income taxes. Based on this information, compute Meena’s contribution to the following measures of income: a. Gross Domestic product b. Net National Product c. National Income d. Personal Income e. Disposable Personal Income
Meena earns Tk. 9000 from her poultry firm. Over the day, equipments of egg hatcheries depreciate in value by Tk. 400.Of the remaining amount; Meena gives Tk.250 to the government in sales taxes. Later she retains 290 taka in her business for buying new machines and receives 470 as old scheme benefit. From the remaining amount that Meena takes home, she pays Tk.500 as income taxes. Based on this information, compute Meena’s contribution to the following measures of income: a. Gross Domestic product b. Net National Product c. National Income d. Personal Income e. Disposable Personal Income
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter15: Income Inequality And Poverty
Section: Chapter Questions
Problem 7CQ
Related questions
Question
Meena earns Tk. 9000 from her poultry firm. Over the day, equipments of egg hatcheries
a.
b. Net National Product
c. National Income
d. Personal Income
e. Disposable Personal Income
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax