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7. () Below is a list of domestic output and national income figures for a given year. All figures billions. The questions that follow ask you to determine the major national income meas both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures $243 Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes 27 43 33 26 Government purchases Net private domestic investment 72 33 Personal saving a. Gross private domestic investment (Ig) is = $ 2 Net Exports (Xn) is: $ _ c. GDP by the expenditure approach = C+ Ig + G + Xn= $. d. NDP: $ 20 %3! e. NI by making the required additions and subtractions from GDP is: $

7. () Below is a list of domestic output and national income figures for a given year. All figures billions. The questions that follow ask you to determine the major national income meas both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures $243 Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes 27 43 33 26 Government purchases Net private domestic investment 72 33 Personal saving a. Gross private domestic investment (Ig) is = $ 2 Net Exports (Xn) is: $ _ c. GDP by the expenditure approach = C+ Ig + G + Xn= $. d. NDP: $ 20 %3! e. NI by making the required additions and subtractions from GDP is: $

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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7.Q Below is a list of domestic output and national income figures for a given year. All figures a billions. The questions that follow ask you to determine the major national income meast both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes $243 4 27 43 33 26 Government purchases Net private domestic investment Personal saving a. Gross private domestic investment (Ig) is = $ 72 33 20 b. Net Exports (Xn) is: $ c. GDP by the expenditure approach =C+ Ig + G+ Xn= $ d. NDP: $_ e. NI by making the required additions and subtractions from GDP is: $
Transcribed Image Text:7.Q Below is a list of domestic output and national income figures for a given year. All figures a billions. The questions that follow ask you to determine the major national income meast both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes $243 4 27 43 33 26 Government purchases Net private domestic investment Personal saving a. Gross private domestic investment (Ig) is = $ 72 33 20 b. Net Exports (Xn) is: $ c. GDP by the expenditure approach =C+ Ig + G+ Xn= $ d. NDP: $_ e. NI by making the required additions and subtractions from GDP is: $
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