Q1:$Billions475Compersation of employeesProprietors' incomeCorporate profitNet interest604025Rental income10DeprecationIndirect taxæs7040Direct taxes80Subsidies15Payments of factor income to the rest of the worldReceipts of factor income from the rest of the world2015Refer to Table above find1 The value for national income in billions of dollars2- The value for gross domestic product in billions of dollars3- The value of net factor pavments to the rest of the world in billions of dollars4-The value of disposable income in billions of dollars

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$Billions 475 Compensation of employees Proprietors' income Corporate profit Net interest 60 40 25 Rental income 10 Deprecation Indirect taxes 70 40 Direct taxes 80 Subsidies Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 15 20 15 Refer to Table above find 1 The value for national income in billions of dollars 2- The value for gross domestic product in billions of dollars 3- The value of net factor pavments to the rest of the world in billions of dollars

$Billions 475 Compensation of employees Proprietors' income Corporate profit Net interest 60 40 25 Rental income 10 Deprecation Indirect taxes 70 40 Direct taxes 80 Subsidies Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 15 20 15 Refer to Table above find 1 The value for national income in billions of dollars 2- The value for gross domestic product in billions of dollars 3- The value of net factor pavments to the rest of the world in billions of dollars

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 25CTQ: Imagine that the government statisticians who calculate the inflation rate have been updating the...

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