The following data pertains to the economy of Ghana for the year 2018; GHc’000,000  Exports of goods and services 18  Depreciation of fixed capital 12 Government purchases of goods and services 60 Indirect business taxes 15  Net private domestic investment 53 Transfer payments 14  Imports of goods and services 17.5 Personal taxes 41.5 Net foreign factor income earned in Nigeria. 3.1 Personal consumption expenditures 224.2  compute the following economic statistics in relation to the economy 1. Gross domestic product 2. Gross National Product 3. Net national product

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
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The following data pertains to the economy of Ghana for the year 2018; GHc’000,000

 Exports of goods and services 18

 Depreciation of fixed capital 12

Government purchases of goods and services 60

Indirect business taxes 15

 Net private domestic investment 53

Transfer payments 14

 Imports of goods and services 17.5

Personal taxes 41.5

Net foreign factor income earned in Nigeria. 3.1

Personal consumption expenditures 224.2

 compute the following economic statistics in relation to the economy

1. Gross domestic product

2. Gross National Product

3. Net national product

4. National income

5. Personal income

6. Disposable personal income

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Using this, can you then solve for the,

  1. National income
  2. Personal income
  3. Disposable personal income
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