Calculate National income, personal income, and disposable income.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
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Calculate National income, personal income, and disposable income.

Gross Domestic Product (GDP)C Net National Product (NGNP)
D
A
Personal Income (PI)
Gross National Product (GNP)
National Income (NI)
Disposable Income
B
F
No
ITEMS
VALUE NO
ITEMS
VALUE
1
Profit
1750
11
Depreciation
1500
Indirect taxes
1400
12
Government spending
1950
3
Retirement fund
100
13
Private investment
2220
4
Interest
1110
14
Imports
1340
Receipts of factor income from
5
Payments of factor income to the
world
1500
15
500
abroad
6
Corporate Income Tax
500
16
Rent
1150
7
17
Compensation of labor
6000
Social insurance payments
120
8 Durable goods
8500
18
Exports
1120
9.
Direct taxes
220
19
Services
1900
10
Government Investment
2000
20
Proprietors' Income
1940
2.
Transcribed Image Text:Gross Domestic Product (GDP)C Net National Product (NGNP) D A Personal Income (PI) Gross National Product (GNP) National Income (NI) Disposable Income B F No ITEMS VALUE NO ITEMS VALUE 1 Profit 1750 11 Depreciation 1500 Indirect taxes 1400 12 Government spending 1950 3 Retirement fund 100 13 Private investment 2220 4 Interest 1110 14 Imports 1340 Receipts of factor income from 5 Payments of factor income to the world 1500 15 500 abroad 6 Corporate Income Tax 500 16 Rent 1150 7 17 Compensation of labor 6000 Social insurance payments 120 8 Durable goods 8500 18 Exports 1120 9. Direct taxes 220 19 Services 1900 10 Government Investment 2000 20 Proprietors' Income 1940 2.
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