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7. () Below is a list of domestic output and national income figures for a given year. All figures are billions. The questions that follow ask you to determine the major national income measur Epoth the expenditure and income methods. Show your work! Provide how you calculate Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Exports Personal taxes Government purchases Net private domestic investment Personal saving $243 4 27 43 33 26 72 33 20 a. Gross private domestic investment (Ig) is.: = $60 b. Net Exports (Xn) is: $ -10. c. GDP by the expenditure approach = C+ Ig + G+ Xn $ 365 . d. NDP: $ e. NI by making the required additions and subtractions from GDP is: $ %3D

7. () Below is a list of domestic output and national income figures for a given year. All figures are billions. The questions that follow ask you to determine the major national income measur Epoth the expenditure and income methods. Show your work! Provide how you calculate Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Exports Personal taxes Government purchases Net private domestic investment Personal saving $243 4 27 43 33 26 72 33 20 a. Gross private domestic investment (Ig) is.: = $60 b. Net Exports (Xn) is: $ -10. c. GDP by the expenditure approach = C+ Ig + G+ Xn $ 365 . d. NDP: $ e. NI by making the required additions and subtractions from GDP is: $ %3D

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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7.) Below is a list of domestic output and national income figures for a given year. All figures are billions. The questions that follow ask you to determine the major national income measur poth the expenditure and income methods. Show your work! Provide how you calculate Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports $243 4 27 43 33 Personal taxes 26 Government purchases Net private domestic investment Personal saving 72 33 20 a. Gross private domestic investment (Ig) is= S60 b. Net Exports (Xn) is: $ -10. c. GDP by the expenditure approach =C+ Ig +G+ Xn $ 365 . d. NDP: $ e. NI by making the required additions and subtractions from GDP is: $
Transcribed Image Text:7.) Below is a list of domestic output and national income figures for a given year. All figures are billions. The questions that follow ask you to determine the major national income measur poth the expenditure and income methods. Show your work! Provide how you calculate Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports $243 4 27 43 33 Personal taxes 26 Government purchases Net private domestic investment Personal saving 72 33 20 a. Gross private domestic investment (Ig) is= S60 b. Net Exports (Xn) is: $ -10. c. GDP by the expenditure approach =C+ Ig +G+ Xn $ 365 . d. NDP: $ e. NI by making the required additions and subtractions from GDP is: $
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