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- Use the information in the table below to answer Q.3.1 to Q.3.3:GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bnConsumption of fixed capital R32bn Q.3.1 Calculate the value of gross national income (GNI) at market pricesUse the information in the table below to answer Q.3.1 to Q.3.3:GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bn Consumption of fixed capital R32bn Q.3.3 Calculate the value of net national income (NNI) at factor cost.Identify the part of the personal income which is actually available for consumption a. Taxable income b. Consumption income c. National income d. Disposable income
- Identify the part of the personal income which is actually available for consumption a.Consumption income b.Disposable income c.National income d.Taxable incomUse the information in the table below to answer:GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bn20 2020Consumption of fixed capital R32bn Calculate the value of net national income (NNI) at factor cost.Use the information in the table below to answer this question:GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bn Calculate the value of gross national income (GNI) at market prices.
- Q8. Please draw a change that raises the final incomes of the poorest households, but doesn't raise total spending7. Why are the following not included in national income : (a) Sale of an old car; (b) Winning of a lottery; (c) Income of a smuggler.Please solve with reference to the diagram, calculate the equilibrium level of income after the introduction of government spending and proportional income tax. Show all calculation steps
- Personal income PI is Select one: a. All income received by households b. All income earned by households minus personal taxes c. All income received by households minus personal taxes d. None of the answers are correct e. All income earned by householdsUrgently need The income components of GDP include all of the following except? A. indirect taxes B. interest income C. employee compensation D. foreign incomeWhich of the following would cause the level of income to change by the greatest amount? a. An increase in defense spending of $20 billion. b. An increase in social security payments of $20 billion. c. A reduction in personal income taxes of $20 billion. d. The changes suggested above have equal impacts on the level of income.