National Income Determination The following figures are from data on Good Island Economy Items $m Net private investment 940 Depreciation 56 Compensation of employees 2 256 Corporate taxes 416 Personal taxes 756 Personal Consumption expenditure 4 386 Government purchases 3 182 Indirect business taxes minus subsidies 482 Payment of factor income to the rest of the world 95 Corporate profits minus dividends 56 Government transfer payments and interest 243 Exports 855 Receipts of factor income from abroad 186 Imports of goods and services 385 Social insurance payments 332 Required: Use the above information to answer the following i.) Calculate for Good Island: a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal Income
The following figures are from data on Good Island Economy
Items $m
Net private investment 940
Compensation of employees 2 256
Corporate taxes 416
Personal taxes 756
Personal Consumption expenditure 4 386
Government purchases 3 182
Indirect business taxes minus subsidies 482
Payment of factor income to the rest of the world 95
Corporate profits minus dividends 56
Government transfer payments and interest 243
Exports 855
Receipts of factor income from abroad 186
Imports of goods and services 385
Social insurance payments 332
Required: Use the above information to answer the following
i.) Calculate for Good Island:
a. Gross private investment
b.
c. Gross National Product
d. Net National Product
e. National income
f. Personal Income
g. Disposable Personal Income
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