Study the following figures: Compute the GNP using the Income Approach and Expenditure Approach. (In Million Pesos) Personal Consumption Expenditures Compensation of employees and entrepreneurial & property Income of persons Government Income Indirect Taxes Exports of goods and non-factor services Fixed Capital Formation Government Services Imports of goods and non-factor services Subsidies Trade Increase in Stocks Corporate Income Depreciation Allowance General Government Consumption Expenditures Net Factor Income From Abroad P 1,059,000 980,000 31,000 132,500 648,200 232,400 116,000 648,100 3,900 237,000 7,200 16,000 176,000 86,500 20,600

Study the following figures: Compute the GNP using the Income Approach and Expenditure Approach. (In Million Pesos) Personal Consumption Expenditures Compensation of employees and entrepreneurial & property Income of persons Government Income Indirect Taxes Exports of goods and non-factor services Fixed Capital Formation Government Services Imports of goods and non-factor services Subsidies Trade Increase in Stocks Corporate Income Depreciation Allowance General Government Consumption Expenditures Net Factor Income From Abroad P 1,059,000 980,000 31,000 132,500 648,200 232,400 116,000 648,100 3,900 237,000 7,200 16,000 176,000 86,500 20,600

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Personal Consumption Expenditures Government Purchases Gross Private Domestic Investment Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors Income Corporate Income Taxes Dividends Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income Multiple Choce $520 SEZE $400 128 7 .. 43 369 12 BARBERT 15 52 24 22 figures are in billions of dollars. Net domestico
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What is the value for Gross Domestic Product if households receive $315 in net interest income, wages equal $10,169, rental receipts on land are $884, total business profits before taxes are $1,862, and indirect business taxes are $1,139? Assume depreciation and net foreign income are zero. Enter the value without a $ and without commas.
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Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest $8 47 73 $372 billion. $317 billion. 46 13 41 10 23 97 314 27 24 46 23 50 16 Undistributed Corporate Profits Statistical Discrepancy 66 Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice $483 billion. $376 billion. 11