You are given the following information about an economy: $ Millions GDP at Market Prices -1,,669.4 Imports- 290.5 Gross Domestic Capital Formation -48.7 Income accruing to the Public Sector -39.0 Retained Business Earnings -75.9 Exports -273.4 Subsidies -16.8 Factor Payments from Abroad -10.0 Capital Consumption Allowance -10.5 Income Payments to Foreigners -19.2 Direct Taxes -355.6 Public Sector Consumption Expenditure- 490.1 Indirect Taxes -297.3 Transfer Payments -25.7 Derive the following: (i) National Income (ii) Net Investment (iii) Personal Income

You are given the following information about an economy: $ Millions GDP at Market Prices -1,,669.4 Imports- 290.5 Gross Domestic Capital Formation -48.7 Income accruing to the Public Sector -39.0 Retained Business Earnings -75.9 Exports -273.4 Subsidies -16.8 Factor Payments from Abroad -10.0 Capital Consumption Allowance -10.5 Income Payments to Foreigners -19.2 Direct Taxes -355.6 Public Sector Consumption Expenditure- 490.1 Indirect Taxes -297.3 Transfer Payments -25.7 Derive the following: (i) National Income (ii) Net Investment (iii) Personal Income

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: Economic Development

Section: Chapter Questions

Problem 4.6P

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