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
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
Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
Problem 3TY
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The following figures are from data on Good Island Economy
Items |
$m |
Net private investment |
940 |
|
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:
- Gross private investment
- Gross Domestic product
- Gross National Product
- Net National Product
National income - Personal Income
- Disposable Personal Income
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