b. All figures are in billions. PL= billion. Using the following national income accounting data, compute (a) GDP, (b) NDP, (c) NI. The questions that follow ask you to determinethe major national income measures by both the expenditures and the income approaches. All figures are in billions. exports of goods and servicesConsumption of fixed capital (depreciation)Government purchasesTaxes on production and importsNet private domestic investmentTransfer paymentsU.S. All figures are in billions. Start studying Chapter 7: Measuring Domestic Output and National Income. All figures are in billions. DI = billion. Below is a list of domestic output and national income figures for a certain year. All figures are in billions. Learn vocabulary, terms, and more with flashcards, games, and other study tools. GDP using the expenditures approach = billion les and the GDP using the income approach billion NDP billion b. The results you obtain with the different methods should be the same. All figures are in billions.
Below is a list of domestic output and national income figures for a certain year. The results you obtain with the different methods should be the same Category Value Category Value Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors' income Personal saving 255 Net exports 16 233 18 21 26 19 56 82 4Dividends 12 Compensation of employees 14 Taxes on production and imports 8 Undistributed corporate profits 27| | Personal taxes 20 Corporate income taxes 13 Corporate profits 43 Government purchases 30Net private domestic investment Instructions: Enter your answers as whole numbers. Below is a list of domestic output and national income figures for a certain year.
The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. All figures are in billions. Then determine NDP billion.
Method 2 = bilion c. Adjust NI (from part b) as required to obtain Pl. Now determine NI in two ways: first,... Value $265 Value 11 16 243 12 14 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors' Income Personal saving Category Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases Net private domestic Investment 27 20 13 43 30 Instructions: Enter your answers as whole numbers. The results you obtain with the …
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below is a list of domestic output