You are given the following information about an economy: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 290.5 48.7 39.0 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 10.0 10.5 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure
You are given the following information about an economy: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 290.5 48.7 39.0 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 10.0 10.5 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 6SCQ: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram...
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