Find GDP and GNP   b. Find depreciation (capital consumption allowance)   c. Find National Income

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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Suppose you are given the following information about some hypothetical economy

 

and its national income accounts. Use this information to answer the questions that

 

follow. (Amounts are in millions of Kshs.)

 

Indirect Business Taxes 459.50

 

Corporate profits 604.45

 

Corporate profits taxes 234.70

 

Retained earnings 165.40

 

Proprietors' income 519.20

 

Rental Income 31.05

 

Net Interest 585.55

 

Exports 842.85

 

Imports 1190.20

 

Income Receipts from rest of world 427.8

 

Income Payments to rest of world 377.45

 

Net National Product 6190.4

 

Government expenditures for Goods and Services 1358.25

 

Personal current Transfer receipts 871.15

 

Social Security Taxes (employee & employer) 490.75

 

Personal Consumption expenditures 4892.85

 

Gross Private Domestic Investment 1082.45

 

Disposable personal income 5128.75

 

a. Find GDP and GNP

 

b. Find depreciation (capital consumption allowance)

 

c. Find National Income

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