Refer to the information provided in Table below to answer the questions that follow Billions 20 Receipts of factor income from the rest of the world Depreciation Government purchases 20 90 Imports 40 Payments of factor income to the rest of the 40 world Net private domestic investment Personal taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households 140 90 500 10 60 30 1- The value for GDP in billions of dollars 2- The value for GNP in billions of dollars 3- The value for NNP in billions of dollars 4- The value for national income in billions of dollars 5- The value for disposable personal income in billions of dollars
Refer to the information provided in Table below to answer the questions that follow Billions 20 Receipts of factor income from the rest of the world Depreciation Government purchases 20 90 Imports 40 Payments of factor income to the rest of the 40 world Net private domestic investment Personal taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households 140 90 500 10 60 30 1- The value for GDP in billions of dollars 2- The value for GNP in billions of dollars 3- The value for NNP in billions of dollars 4- The value for national income in billions of dollars 5- The value for disposable personal income in billions of dollars
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Solve part 4 and part 5 only typed answer
Transcribed Image Text:Q1:
Refer to the information provided in Table below to answer the questions that follow
Billions
20
Receipts of factor income from the rest of
the world
Depreciation
Government purchases
Imports
Payments of factor income to the rest of the
world
Net private domestic investment
Personal taxes
Personal consumption expenditures
Dividends
Exports
Amount of national income not going to
households
20
90
40
40
140
90
500
10
60
30
1-
The value for GDP in billions of dollars
2- The value for GNP in billions of dollars
3- The value for NNP in billions of dollars
4- The value for national income in billions of dollars
5- The value for disposable personal income in billions of dollars
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