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The national income accounts of Parchment Paradise are kept on parchment. A fire destroyed the national statistics office, and the national income and product accounts are now incomplete. But they contain the following information for 2002: Net domestic product at factor cost was $4,350; consumption expenditure was $3,000; indirect taxes less subsidies was $120; net interest was $300; rental income of persons was $150; investment was $1200; government purchases of goods and services were $1200; proprietor's income were $300; compensation of employees was $3,000; exports were $400; and imports were $700.

You' ve been hired as an economist to reconstruct the missing numbers by calculating for 2002: a. GDP. b. Corporate profits. c. Capital consumption allowance. Can anyone help me with this??

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91572713

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