The table below shows the National Income data.

National Income Data (all figures are in billions of dollars)

Business retained earnings

240

Corporate profits

276

Personal Consumption Expenditures

1491

Interest Income (Net Interest)

46

Personal Interest Income

46

Total Transfer Payments

274

Dividend Income

36

Depreciation (Capital Consumption Allowance)

234

Gross Capital Investment

378

Changes in Business Inventories

26

Rental Income

28

Imports

248

Federal Government Purchases of Goods & Services

148

State and Local Government Purchases of Goods & Services

286

Personal Income Taxes

514

Exports

261

Indirect Business Taxes (and miscellaneous adjustments)

177

You are required to Calculate

Gross Domestic Product (GDP) (2Marks)

Net National Product (NNP) (2Marks)

National Income (NI) (2Marks)

Personal Income (PI) (2Marks)

Personal Disposable Income (2Marks)

Answer rating: 100% (QA)

Gross Domestic Product GDP C I G XM Where C Consumption I Investment G Government spending XM Net ex... View the full answer