QUESTION 3 (10 MARKS) Use the following data to answer the questions below Items Dollar Net Investment 110 Depreciation 30 Exports 50 Imports 30 Government purchases 150 Consumption 400 Indirect business taxes 35 Income earned but not received 60 Income received but not earned 70 Personal income taxes 50 Employee compensation 455 Corporate profits 60 Rental income 20 Net interest 30 Proprietor's income 40 Net earnings of US resources abroad 40 Calculate GDP using the income and expenditure methods (4 marks) Calculate net domestic product (2 marks) Calculate national income (2 marks) Calculate personal income (1 mark) Calculate disposable income (1 mark)

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Question: QUESTION 3 (10 MARKS) Use the following data to answer the questions below. Items Dollar Net Investment 110 Depreciation 30 Exports 50 Imports 30 Government

QUESTION 3 (10 MARKS)

Use the following data to answer the questions below.

Items

Dollar

Net Investment

110

Depreciation

Exports

Imports

Government purchases

150

Consumption

400

Indirect business taxes

Income earned but not received

Income received but not earned

Personal income taxes

Employee compensation

455

Corporate profits

Rental income

Net interest

Proprietor's income

Net earnings of US resources abroad

Calculate GDP using the income and expenditure methods

(4 marks)

Calculate net domestic product

(2 marks)

Calculate national income

(2 marks)

Calculate personal income

(1 mark)

Calculate disposable income.

(1 mark)

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