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b) Suppose you are given the following information about some hypothetical economy and its national income accounts. Use
Posted: Sat Feb 19, 2022 2:41 pm
by answerhappygod
- B Suppose You Are Given The Following Information About Some Hypothetical Economy And Its National Income Accounts Use 1 (102.96 KiB) Viewed 74 times
b) Suppose you are given the following information about some hypothetical economy and its national income accounts. Use this information to answer the
questions that follow. (Amounts are in billions of dollars) Indirect Business Taxes Corporate profits Corporate profits taxes Retained earnings Proprietors' income Rents and interest earned Exports Imports Income Earned from rest of world by US citizens Income Earned by rest of world in US Net Domestic Product Government expenditures $198 $251 $96 $74 $123 $148 $157 $224 $219 $219 $2151 $483 $510 $370 Transfer Payments Social Security Taxes (employee & employer) Consumption expenditures Gross Investment Disposable personal income $1505 $470 $1673 Required; i. ii. iii. iv. V. vi. Find GDP Find depreciation (capital consumption allowance). Find National Income. Find Personal Income. Find Personal Income Taxes. Find Personal Saving.