Show all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figures
Show all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figures
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Show all the necessary steps that lead to your answer.
1. Consumption $6000 (in billion)
Gross Investment 1500
Indirect business taxes 300
Corporate taxes 200
Social securities taxes 900
Government purchases 1500
Export 500
Transfer payments 1000
Net interest 500
Net foreign factor income 4
Capital consumption allowance Import 100
Personal income tax 300
a. Calculate
b. Calculate
c. Calculate personal income from the above figures
d. Calculate disposable income from the above figures
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