Module 2: Exercise 2 Measuring Domestic Output and National Income 1. The following is a list of figures for a given yea

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Module 2 Exercise 2 Measuring Domestic Output And National Income 1 The Following Is A List Of Figures For A Given Yea 1 (395.89 KiB) Viewed 27 times

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Module 2: Exercise 2 Measuring Domestic Output and National Income 1. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Ne Transfer payments Government purchases Personal taxes Corporate income taxes Taxes on production and imports Social Security contributions Undistributed corporate profits Proprietors' income Compensation of employees Personal consumption expenditures Billions of dollars $ 16 80 38 28 15 8 19 25 258 322

Transfer payments Government purchases Personal taxes Corporate income taxes Taxes on production and imports Social Security contributions Undistributed corporate profits Proprietors' income Compensation of employees Personal consumption expenditures Consumption of fixed capital Rents U.S. Exports Corporate profits Interest Dividends Imports to U.S. $ 16 80 38 28 15 8 19 25 258 322 4 10 14 70 FN- 23

Proprietors' income Compensation of employees Personal consumption expenditures Consumption of fixed capital Rents U.S. Exports Corporate profits Interest Dividends Imports to U.S. Gross private domestic investment Net foreign factor income Statistical discrepancy 25 258 322 4 10 70 12 23 17 63 10 35

Module 2: Exercise 2 Measuring Domestic Output and National Income 1. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Transfer payments Government purchases Personal taxes Corporate income taxes Taxes on production and imports Social Security contributions Undistributed corporate profits Proprietors' income Compensation of employees Personal consumption expenditures Consumption of fixed capital Billions of dollars $ 16 80 38 28 15 8 19 25 258 322 C