From the following, compute Gross Domestic Product, National Income, and Disposa
ID: 1252622 • Letter: F
Question
From the following, compute Gross Domestic Product, National Income, and DisposableIncome:
(You must show your work, including all the steps and in-between concepts)
1. Consumption 180
2. Gross Private Domestic Investment 40
3. Corporate Profits after Taxes 20
4. Dividends 15
5. Depreciation Allowances 15
6. Transfer Payments 10
7. Government Expenditures on Goods and Services 40
8. Social Security Taxes (or contributions) 5
9. Indirect Business Taxes 10
10. Corporate Business Taxes 10
11. Personal Income Taxes 0
12. X n =(net export) 0
Explanation / Answer
GDP= C+I +G+X-M GDP= 180 + 40+40 +0= 260 NDP- GDP- Depreciation 260- 15= 245 NI= NDP- IBT NI= 245- 10= 235 DI= NI- Corp Taxes- Social Security taxes+ TP - PT DI= 235 -10-5 +10 -0= 230
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