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Given the data, find out GDP, GNP, NDP, NI, PI, and disposable, personal income and limitation of National income accounting.

 

1. Briefly describe accounting describe two limitations of national income

2. You've been given the following data:

Net non-business interest income 27
Government purchases 600
Corporate retained earnings 33
Gross private investment 500
Depreciation 10
Net exports -50
Personal consumption 2,500
Transfer payments from government 10
Foreign factor income earned domestically 320
Personal taxes 62
Social security taxes 17
Income from foreign domestic factor sources 300
Indirect taxes 45

On the basis of these data find out GDP, GNP, NDP, NI, PI, and disposable personal income.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922479

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