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Mathematics, 15.10.2019 03:30 Elency

Calculating gdp from raw economic data:

the following list shows macroeconomic data for a hypothetical country. all figures are in billions of dollars.

gross private domestic investment = 110
depreciation = 30
exports = 55
imports = 40
government spending = 140
personal consumption expenditures = 400
indirect business taxes (net of subsidies) = 25
personal taxes 120 employee compensation = 450
corporate profits and fica contributions = 100
rental income = 20
net interest = 25
proprietors' income = 15
transfer payments and other income = 55

a) using the expenditure or income method, gdp for this country was $ billion.

b) complete the following by calculating income, personal income and disposable personal income for this country. (note: be sure to enter your figures in billions of dollars.)

national income billions of dollars
personal income billions of dollars
disposable personal income billions of dollars

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Calculating gdp from raw economic data:

the following list shows macroeconomic data for...
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