.Given the following data:Gross Investment Expendi ture...$200Personal Savings...Government Transfer Payments.Social Security Taxes.Personal Income Taxes. ..Corporate Profit Tax....Undistributed Profits....Corporate Profit Before Tax..Government Expenditure.. .Non-Corporate Profits.Net Interest Factors..Wages and Salaries...Net Rental Income.Indirect Bus iness TaxBusiness Transfer Payments.Capital Consumption..Consumer Expenditure.Exports...Imports..Receipts of Factor Incomefrom the Rest of the World 1,000Payments of Factor Income tothe Rest of the World....400500150150501001,00050050050150107505060030050500Calculate:(a) GDP(b) GNP(c) NNPid Hational Income From Expenditure (output) Approach(e) National Income From Income (input) Approach(f) Personal Income(g) Disposable Income(h) Consumption

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Asked Oct 21, 2019
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Given the following data: Gross Investment Expenditure.. .$200 Government Transfer Payments...150 Business Transfer Payments... Capital Consumption. Consumer Exports... 50 100 iture Corporate Profit Before Tax.... 600 500 Receipts of Factor Income Payments ot Factor Income to from the Rest of the World 1,000 the Rest of the Horld.... 500 Calculate: (h) consumption 

.Given the following data:
Gross Investment Expendi ture...$200
Personal Savings...
Government Transfer Payments.
Social Security Taxes.
Personal Income Taxes. ..
Corporate Profit Tax....
Undistributed Profits....
Corporate Profit Before Tax..
Government Expenditure.. .
Non-Corporate Profits.
Net Interest Factors..
Wages and Salaries...
Net Rental Income.
Indirect Bus iness Tax
Business Transfer Payments.
Capital Consumption..
Consumer Expenditure.
Exports...
Imports..
Receipts of Factor Income
from the Rest of the World 1,000
Payments of Factor Income to
the Rest of the World....
400
500
150
150
50
100
1,000
500
500
50
150
10
750
50
600
300
50
500
Calculate:
(a) GDP
(b) GNP
(c) NNP
id Hational Income From Expenditure (output) Approach
(e) National Income From Income (input) Approach
(f) Personal Income
(g) Disposable Income
(h) Consumption
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.Given the following data: Gross Investment Expendi ture...$200 Personal Savings... Government Transfer Payments. Social Security Taxes. Personal Income Taxes. .. Corporate Profit Tax.... Undistributed Profits.... Corporate Profit Before Tax.. Government Expenditure.. . Non-Corporate Profits. Net Interest Factors.. Wages and Salaries... Net Rental Income. Indirect Bus iness Tax Business Transfer Payments. Capital Consumption.. Consumer Expenditure. Exports... Imports.. Receipts of Factor Income from the Rest of the World 1,000 Payments of Factor Income to the Rest of the World.... 400 500 150 150 50 100 1,000 500 500 50 150 10 750 50 600 300 50 500 Calculate: (a) GDP (b) GNP (c) NNP id Hational Income From Expenditure (output) Approach (e) National Income From Income (input) Approach (f) Personal Income (g) Disposable Income (h) Consumption

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Expert Answer

Step 1

a.

The gross domestic product is the sum total of money value of all the final goods and services produced within the economy in a given period of time which is usually a financial year. From the given table information, the GDP of the economy can be calculated by adding together the consumption expenditure, Investment expenditure, Government expenditures and the net exports of the economy. Thus, the GDP of the economy can be calculated as follows:

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GDP C+I+G+(X-M =1,000+200 +300 + (500 - 500) 1,500

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Step 2

b.
The Gross National product is the total income of the economy which includes the GDP along with the Net factor income from abroad. Thus, the GNP of the economy can be calculated as follows:

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GNP GDP+(Factor income earned abroad- Factor income paid to foreigners) =1,500+(1,000-500) 1,500+500 2,000

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Step 3

c.

The Net National Product is the depreciation adjusted value of the Gross National Product of the economy. In this case, the depreciati...

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NNP GNP-Capital consumption 2,000-100 1,900

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