? We have the following information for an economy. All data are in billion dollars.CategoryValueCompensation of EmployeesPersonal Consumption Expenditure6,500.009,000.00Indirect Taxes minus Subsidies750.00Rental Income550.00Net Business Transfer Payments0.00Corporate Profits900.00Net ExportsProprietors' IncomeSurplus of Government EnterprisesPersonal Saving- 380.00750.000.00500.00Net Interest550.00Calculate National Income for this economy.National Income = $ billion. (Enter your response as an integer.) The following table contains some information from the national income and product accounts of a small country. All data are in billion dollars.CategoryValueGovernment Consumption and Gross Investment300.00National Income1,270DepreciationExports35.00150.00Compensation of Employees800.00Receipts of Factor Income from the Rest of the WorldNet Investment43.00140.00Inventory AdjustmentImportsPayments of Factor Income to the Rest of the WorldCorporate ProfitsStatistical Discrepancy0.00160.0040.00240.0010.00For this country:NNP equals $billion. (Enter your response as an integer.)GNP equals $billion. (Enter your response as an integer.)GDP equals $billion. (Enter your response as an integer.)Personal Consumption Expenditure equals $billion. (Enter your response as an integer.)

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We have the following information for an economy. All data are in billion dollars. Category Value Compensation of Employees Personal Consumption Expenditure 6,500.00 9,000.00 Indirect Taxes minus Subsidies 750.00 Rental Income 550.00 Net Business Transfer Payments 0.00 Corporate Profits 900.00 - 380.00 Net Exports Proprietors' Income Surplus of Government Enterprises Personal Saving 750.00 0.00 500.00 Net Interest 550.00 Calculate National Income for this economy. National Income $ billion. (Enter your response as an integer.)

We have the following information for an economy. All data are in billion dollars. Category Value Compensation of Employees Personal Consumption Expenditure 6,500.00 9,000.00 Indirect Taxes minus Subsidies 750.00 Rental Income 550.00 Net Business Transfer Payments 0.00 Corporate Profits 900.00 - 380.00 Net Exports Proprietors' Income Surplus of Government Enterprises Personal Saving 750.00 0.00 500.00 Net Interest 550.00 Calculate National Income for this economy. National Income $ billion. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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