The difference between gross national income and gross domestic product is: a b с d income earned in addition to salaries, commissions, and bonuses. income earned abroad by residents minus income paid to foreign factors of production. income not subject to taxation such as capital gains, illegal earnings, or casual earnings. total indirect employee costs such as health or retirement insurance.
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- Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool.explain how gross product is calculates using the income approachDepreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.
- Calculate the net value added at market price with the following:- Sales = 1400 Change in stock = 40 Depreciation = 80 Net indirect taxes = 100 Purchase of machinery = 300 Purchase of intermediate product = 800Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 13 dislikes for you and more from my friends accounts also.Figured in #2 is 120,448
- Income aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent 850 Interest 880 Distributed Profit 1,300 Proprietor’s income 750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89 Based on the above data, calculate: Gross Domestic Income Gross National Income National IncomeTo determine the correct level of GNP (Gross national product), it is necessary to:(A) Add up the values of goods and services during one year(B) Add up all savings(C) Count all imports(D) Add up the value of semi-finished goodsin table plzz
- GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bn Consumption of fixed capital R32bn 1. calculate the value of gross national income (GNI) at market prices. 2.Calculate the value of net national product (NNI) at market prices. 3. Calculate the value of net national income (NNI) at factor cost.Provide a comprehensive definition of the term, Gross National Product.Compute the GNP using the Income Approach and Expenditure Approach. Personal Consumption ExpendituresP 1,059,000 Compensation of employees and entrepreneurial & propertyIncome of persons980,000 Government Income31,000 Indirect Taxes132,500 Exports of goods and non-factor services648,200 Fixed Capital Formation232,400 Government Services116,000 Imports of goods and non-factor services648,100 Subsidies3,900 Trade237,000 Increase in Stocks7,200 Corporate Income16,000 Depreciation Allowance176,000 General Government Consumption Expenditures86,500 Net Factor Income From Abroad20,600