20) From the information in the table below, calculate the following statistics. Personal consumption Investment Net nonbusiness interest income Government purchases Profit Employee compensation Net exports Rents Depreciation Indirect business taxes Corporate retained earnings Net foreign factor income Interest Social Security taxes Transfer payments Personal taxes Statistical discrepancy N1,344 456 270 480 406 1520 24 2 278 156 249 5 98 150 300 214 0 b. Gross national product c. Net domestic product f. Disposable personal income a. Gross domestic product d. National income e. Personal income

20) From the information in the table below, calculate the following statistics. Personal consumption Investment Net nonbusiness interest income Government purchases Profit Employee compensation Net exports Rents Depreciation Indirect business taxes Corporate retained earnings Net foreign factor income Interest Social Security taxes Transfer payments Personal taxes Statistical discrepancy N1,344 456 270 480 406 1520 24 2 278 156 249 5 98 150 300 214 0 b. Gross national product c. Net domestic product f. Disposable personal income a. Gross domestic product d. National income e. Personal income

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 13P

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Need asap... My husband is sick of me drinking Coke every day. He tells me that if I give up drinking it for 6 months, he'll buy me a new car. I want a new car, so I agree to the deal, and I don't drink any Coke during that time. At the end of the six months, I tell him it's time to go get my new car. He balks and says no, explaining that not drinking Coke has actually been beneficial for me, so there's no consideration for the deal. Is he right? Explain.
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