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

MACROECONOMICS
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Author:Baumol
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Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
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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:

  1. Gross private investment 
  2. Gross Domestic product 
  3. Gross National Product 
  4. Net National Product 
  5. National income 
  6. Personal Income 
  7. Disposable Personal Income 
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