Using the data below, calculate each of the following. Stockholder dividends Retained earnings Income from the use o Income from the use a Interest received by ho Interest paid by housel (Express each in the following format $100,000) Compensation of employees Proprietor's income Corporate profits
Introduction of GROSS DOMESTIC PRODUCT (GDP) & NATIONAL INCOME (NI)
(GDP) is the financial worth, in nearby cash, of all last monetary labor and products created in a country during a particular timeframe. It is the broadest monetary estimation of a country's complete financial movement. The complete labor and products purchased by shoppers envelop every private use, government spending, speculations, and net fares. The following are two distinct ways to deal with the GDP equation.
National Income is the complete worth, everything being equal, and products that are delivered inside a nation and the pay that comes from abroad for a specific period, regularly one year.
Pay/Income Approach
This GDP recipe takes the absolute pay created by the labor and products delivered.
Gross domestic product = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income
Complete National Income – the amount, all things considered, lease, interest, and benefits.
Deals Taxes – customer charges forced by the public authority on the deals of labor and products.
Devaluation – cost apportioned to an unmistakable resource over its valuable life.
Net Foreign Factor Income – the contrast between the absolute pay that a nation's residents and organizations create in far-off nations, versus the complete pay unfamiliar residents and organizations produce in the homegrown country.
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