The following table shows macroeconomic data for a hypothetical country. All figures are in billions of...

 

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The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Gross private domestic investment Depreciation Exports Imports Government spending. Personal consumption expenditures Indirect business taxes (net of subsidies) Personal taxes Employee compensation Corporate profits and FICA contributions Rental income Net interest Proprietors' income Transfer payments and other income Billions of Dollars 100 40 50 30 150 350 35 130 395 90 10 30 20 70 Using the expenditure or income approach, GDP for this country was $ Complete the following table by calculating national income, personal income, and disposable personal income for this country. enter your figures in billions of dollars.) National Income Personal Income Disposable Personal Income. billion. Billions of Dollars The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Gross private domestic investment Depreciation Exports Imports Government spending. Personal consumption expenditures Indirect business taxes (net of subsidies) Personal taxes Employee compensation Corporate profits and FICA contributions Rental income Net interest Proprietors' income Transfer payments and other income Billions of Dollars 100 40 50 30 150 350 35 130 395 90 10 30 20 70 Using the expenditure or income approach, GDP for this country was $ Complete the following table by calculating national income, personal income, and disposable personal income for this country. enter your figures in billions of dollars.) National Income Personal Income Disposable Personal Income. billion. Billions of Dollars

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Solution Ans GDP cIGx M 350 100 1505030 65030 Gap 62... View the full answer