2. The following information has been extracted from National income accounts data of a certaincountry;Amount (Billion)ParticularsPersonal consumption expenditureTransfer PaymentRent on landCapital Consumption AllowanceSocial Security ContributionInterest on CapitalProprietor's income (Profits)Net exportsDividends245121427201331316221Compensation to employees (Wages)Indirect taxes18Undistributed corporate profits21Personal taxes26Corporate income taxesCorporate profitsGovernment purchases of goods and servicesNet private domestic investmentsPersonal savings1956723316Required:(i) Net National product(ii) National income(iii) Personal ircome(iv) Disposable Income(v) Per capital Income

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2. The following information has been extracted from National income accounts data of a certain country; Particulars Amount (Billion) Personal consumption expenditure 245 12 Transfer Payment Rent on land 14 27 Capital Consumption Allowance Social Security Contribution Interest on Capital Proprietor's income (Profits) Net exports Dividends Compensation to employees (Wages) Indirect taxes Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases of goods and services Net private domestic investments Personal savings Required: (i) Net National product (ii) National income (iii) Personal income (iv) Disposable Income (v) Per capital Income 20 13 31 3 16 221 18 21 26 19 56 72 33 16

2. The following information has been extracted from National income accounts data of a certain country; Particulars Amount (Billion) Personal consumption expenditure 245 12 Transfer Payment Rent on land 14 27 Capital Consumption Allowance Social Security Contribution Interest on Capital Proprietor's income (Profits) Net exports Dividends Compensation to employees (Wages) Indirect taxes Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases of goods and services Net private domestic investments Personal savings Required: (i) Net National product (ii) National income (iii) Personal income (iv) Disposable Income (v) Per capital Income 20 13 31 3 16 221 18 21 26 19 56 72 33 16

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 12PA

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