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
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Chapter 13.1, Problem 5R
To determine

To explain: The reconstruction of figure into spreadsheet.

Expert Solution & Answer
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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 
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