You are given the following information about an economy GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public
You are given the following information about an economy GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You are given the following information about an economy
Imports 290.5
Gross Domestic Capital Formation 48.7
Income accruing to the Public Sector 39.0
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) Disposable Income
(2) Household Consumption Expenditure
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