2. In one year in the country of Countem, workers earned S4150, proprieteor\'s i

Question

2. In one year in the country of Countem, workers earned S4150, proprieteor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and imports were $329, business current transfer payments were $12, the current surplus of government enterprises was $3, statistical discrepancy was $28, consumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute national income, net national product, gross national product, and gross domestic product. Q3. In a given year, a country's GDP $3843, net factor payments from abroad $191, taxes $893, transfers received from the government $422, interest payments on the government's debt- $366, consumption $3661, and government purchases- $338. Calculate the values of private saving, government saving, and national saving.

Explanation / Answer

SOLUTION:

Worker's earned 4150 Proprietor's income 392 Rental income 20 Corporate profits 683 Net interest 228 Taxes on production on imports and production 329 Business current transfer payments 12 Current surplus of government enterprises 3 NATIONAL INCOME 5817 Statistical discrepancy 28 NET NATIONAL PRODUCT 5845 Consumption of fixed capital 882 GROSS NATIONAL PRODUCT 6727 Minus: Net factor income received from rest of world -331 Payments of factor income to rest of world 623 GROSS DOMESTIC PRODUCT 7019

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.