Answer Happy

The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars 90 25 45 35 170 300 30 11 7 Investment Capital consumption allowance (depreciation) Exports Imports Government purchases Consumption Indirect business taxes Social insurance taxes Corporate profit taxes Undistributed corporate profits Transfer payments Personal taxes Compensation of employees Corporate profits Rental income (of persons) Net interest Proprietors' income Income earned from the rest of the world Income earned by the rest of the world 7 55 100 400 100 15 25 10 95 60
The five components of GDP from the table that together sum to national income are and Use the following table to derive personal income and national income (in billions of dollars). Specify what needs to be added to disposable income to arrive at personal income, and explain how personal income should be adjusted to find national income. Billions of Dollars 480 Disposable income Plus + 11 Personal income Plus social insurance taxes Plus Plus undistributed corporate profits Minus + + 7 National income