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ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

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Question

You are given the following information about an economy:
$millions
Derive the following:
(i) National Income
(ii) Net Investment
(iii) Personal Income
(iv) Disposable Income
(v) Household Consumption Expenditure

GDP at Market Prices 1,,669.4
Imports 290.5
Gross Domestic Capital Formation 48.7
Income accruing to the Public Sector 39.0
Retained Business Earnings 75.9
Exports 273.4
Subsidies 16.8
Factor Payments from Abroad 10.0
Capital Consumption Allowance 10.5
Income Payments to Foreigners 19.2
Direct Taxes 355.6
Public Sector Consumption Expenditure 490.1
Indirect Taxes 297.3
Transfer Payments 25.7

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