Gross Domestic Product (GDP) c Net National Product (NGNP) Gross National Product (GNP) A Personal Income (PI) National Income (NI) Disposable Income D F No ITEMS VALUE NO IТЕMS VALUE 1 Profit 1750 11 Depreciation 1500 2 12 Indirect taxes 1400 Government spending 1950 3 Retirement fund 13 Private investment 100 2220 4 14 Imports Payments of factor income to the world Interest 1110 1340 Receipts of factor income from 5 1500 15 500 abroad 6. 16 Corporate Income Tax 500 Rent 1150 7 Compensation of labor 6000 17 Social insurance payments 120 8 18 Durable goods 8500 Exports 1120 9. 19 Direct taxes 220 Services 1900 10 20 Government Investment 2000 Proprictors' Income 1940
Gross Domestic Product (GDP) c Net National Product (NGNP) Gross National Product (GNP) A Personal Income (PI) National Income (NI) Disposable Income D F No ITEMS VALUE NO IТЕMS VALUE 1 Profit 1750 11 Depreciation 1500 2 12 Indirect taxes 1400 Government spending 1950 3 Retirement fund 13 Private investment 100 2220 4 14 Imports Payments of factor income to the world Interest 1110 1340 Receipts of factor income from 5 1500 15 500 abroad 6. 16 Corporate Income Tax 500 Rent 1150 7 Compensation of labor 6000 17 Social insurance payments 120 8 18 Durable goods 8500 Exports 1120 9. 19 Direct taxes 220 Services 1900 10 20 Government Investment 2000 Proprictors' Income 1940
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQ
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Using the data in the table, calculate GDP, GNP, NGNP, NI, PI, and disposable income.
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