3 The following questions relate to the information in the table below.Billions of dollars$1,349.5805.3626.9Consumption .Investment..Govemment purchases .Net exports...Capital consumption allowanceIndirect business taxes(189.1)203.6213.3Statistical discrepancySocial Security insurance taxes.Transfer payments. .Undistributed profits.Corporate profits taxes.Personal taxes..54.4206.5355.3432.077.7340.0564.0Dividends.Compensation of employees.Income eamed from the rest of the world.1300.060.0Income eamed by the rest of the world..Proprietors' income.Rental income.Net interest.106.0430.0245.074.0Calculate Gross Domestic Product at market price and at factor costb. Net National Income in the economy at market price and at factor costc. National Incomed. Personal Incomee. Explain the difference between Real and Nominal GDP.

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The following questions relate to the information in the table below. Billions of dollars $1,349.5 805.3 626.9 Consumption. Investment. Govemment purchases. Net exports. Capital consumption allowance Indirect business taxes (189.1) 203.6 213.3 Statistical discrepancy Social Security insurance taxes. Transfer payments. Undistributed profits. Corporate profits taxes. Personal taxes. 54.4 206.5 355.3 432.0 77.7 340.0 Dividends . 564.0 Compensation of employees. Income eamed from the rest of the world. 1300.0 60.0 Income eamed by the rest of the world. Proprietors' income.. Rental income 106.0 430.0 245.0 Net interest. 74.0 a. Calculate Gross Domestic Product at market price and at factor cost b. Net National Income in the economy at market price and at factor cost c. National Income

The following questions relate to the information in the table below. Billions of dollars $1,349.5 805.3 626.9 Consumption. Investment. Govemment purchases. Net exports. Capital consumption allowance Indirect business taxes (189.1) 203.6 213.3 Statistical discrepancy Social Security insurance taxes. Transfer payments. Undistributed profits. Corporate profits taxes. Personal taxes. 54.4 206.5 355.3 432.0 77.7 340.0 Dividends . 564.0 Compensation of employees. Income eamed from the rest of the world. 1300.0 60.0 Income eamed by the rest of the world. Proprietors' income.. Rental income 106.0 430.0 245.0 Net interest. 74.0 a. Calculate Gross Domestic Product at market price and at factor cost b. Net National Income in the economy at market price and at factor cost c. National Income

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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