Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Answer:
1. Expenditure approach
Gross domestic product = Personal consumption expenditures + Net private domestic investment + Consumption of fixed capital (depreciation) + Government purchases + Net export
Gross domestic product = $295 + $60 + 72 + $11
Gross domestic product = $438
Income approach
Gross domestic product = Compensation of employees + Rents + Interest + Proprietors' income + Corporate profits + Indirect business taxes + Consumption of fixed capital (depreciation) + Net foreign factor income earned
Gross domestic product = $273 + $14 + $13 + $33 + $56 + $18 + $27 + $4
Gross domestic product = $438
NDP = GDP - Depreciation
NDP = $438 - $27
NDP = $411
b. NI = NDP - Net foreign income earned in U.S. - Indirect tax
NI = $411 - $4 - $18
NI = $389
So, both method will have same national income
c. Personal income = NI - S.S. - Corporate income taxes - Undistributed corporate profit + Transfer payment
Personal income = $389 - $20 - $19 - $21 + $12
Personal income = $341
d. Disposable Income = PI - Personal tax
Disposable Income = $341 - $26
Disposable Income = $315
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.