The following data pertains to the economy of Ghana for the year 2018; GHc’000,000 Exports of goods and services 18 Depreciation of fixed capital 12 Government purchases of goods and services 60 Indirect business taxes 15 Net private domestic investment 53 Transfer payments 14 Imports of goods and services 17.5 Personal taxes 41.5 Net foreign factor income earned in Nigeria. 3.1 Personal consumption expenditures 224.2 compute the following economic statistics in relation to the economy 1. Gross domestic product 2. Gross National Product 3. Net national product
The following data pertains to the economy of Ghana for the year 2018; GHc’000,000 Exports of goods and services 18 Depreciation of fixed capital 12 Government purchases of goods and services 60 Indirect business taxes 15 Net private domestic investment 53 Transfer payments 14 Imports of goods and services 17.5 Personal taxes 41.5 Net foreign factor income earned in Nigeria. 3.1 Personal consumption expenditures 224.2 compute the following economic statistics in relation to the economy 1. Gross domestic product 2. Gross National Product 3. Net national product
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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Question
The following data pertains to the economy of Ghana for the year 2018; GHc’000,000
Exports of goods and services 18
Government purchases of goods and services 60
Indirect business taxes 15
Net private domestic investment 53
Transfer payments 14
Imports of goods and services 17.5
Personal taxes 41.5
Net foreign factor income earned in Nigeria. 3.1
Personal consumption expenditures 224.2
compute the following economic statistics in relation to the economy
1. Gross domestic product
2. Gross National Product
3. Net national product
4.
5. Personal income
6. Disposable personal income
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Using this, can you then solve for the,
National income - Personal income
- Disposable personal income
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