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Economics

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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M922479

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