b. Use the data below to calculate the following: I. Gross National Product at Market Price II. Gross National Disposable Income III. Net National Income at basic price IV. Net National Income at basic price V. Personal Income VI. Disposable Income Compensation of employees 2000 Interest 500 Rent 700 profits 800 Employer’s contribution to social security 20 Net indirect tax 250 Consumption of fixed capital 100 Net Exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Subsidies 25
b. Use the data below to calculate the following: I. Gross National Product at Market Price II. Gross National Disposable Income III. Net National Income at basic price IV. Net National Income at basic price V. Personal Income VI. Disposable Income Compensation of employees 2000 Interest 500 Rent 700 profits 800 Employer’s contribution to social security 20 Net indirect tax 250 Consumption of fixed capital 100 Net Exports 70 Net factor income to abroad 150 Mixed income of self employed 1500 Net current transfers from the rest of the world 250 Current transfers from the government 100 Subsidies 25
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 12PA
Related questions
Question
b. Use the data below to calculate the following:
I. Gross National Product at Market Price
II. Gross National Disposable Income
III. Net
IV. Net National Income at basic price
V. Personal Income
VI. Disposable Income
Compensation of employees | 2000 |
Interest | 500 |
Rent | 700 |
profits | 800 |
Employer’s contribution to social security | 20 |
Net indirect tax | 250 |
Consumption of fixed capital | 100 |
Net Exports | 70 |
Net factor income to abroad | 150 |
Mixed income of self employed | 1500 |
Net current transfers from the rest of the world | 250 |
Current transfers from the government | 100 |
Subsidies | 25 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning