For this economy, calculate the following: GDP GNP National Income Answer the next question(s) on the basis

 

 

 

For this economy, calculate the following:

1. GDP

2. GNP

3. National Income

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Answer the next question(s) on the basis of the following data. All figures are in billions of dollars. Personal taxes Social Security Contributions Taxes on production and imports Corporate income taxes Transfer payments U.S. exports Undistributed corporate profits Government purchases Gross private domestic investment U.S. imports Personal consumption expenditures Consumption of fixed capital Net foreign factor income Statistical discrepancy ************** $40 15 20 40 22 24 35 90 75 22 250 25 10 0 Answer the next question(s) on the basis of the following data. All figures are in billions of dollars. Personal taxes Social Security Contributions Taxes on production and imports Corporate income taxes Transfer payments U.S. exports Undistributed corporate profits Government purchases Gross private domestic investment U.S. imports Personal consumption expenditures Consumption of fixed capital Net foreign factor income Statistical discrepancy ************** $40 15 20 40 22 24 35 90 75 22 250 25 10 0