Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
Book Icon
Chapter 13.1, Problem 5R
To determine

To explain: The reconstruction of figure into spreadsheet.

Expert Solution & Answer
Check Mark

Explanation of Solution

Below is the table that shows the calculation to find the personal disposable income.

    GDPDepreciationNDP 
    142.114-2.1 = 11.9 
        
    NDPPlus other adjustmentsNational Income 
    11.90.611.9 + 0.6 = 12.5 
        
    National IncomeMinus taxes, contributions etc.Plus government transferPersonal Income
    12.51.80.712.5 − 1.8 + 0.7 =11.4
        
    Personal IncomeMinus personal income and nontax paymentDisposable personal Income 
    11.41.310.1 
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education