1 The following is a list of an economy s National Income Account data for...
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1 The following is a list of an economy s National Income Account data for a particular year in billions of dollars Government Transfer Payments Income Receipts from Rest of the World Income Payments to Rest of the World Government Purchases Of Goods Services Personal Income Taxes Corporate Income Taxes Indirect Business Taxes Payroll Taxes Undistributed Corporate Profits Wages Salaries Personal Consumption Expenditures Depreciation Capital Consumption Allowance Net Private Domestic Investment 16 37 45 69 38 28 12 21 19 230 267 14 47 Rents Exports Corporate Profits Interest Income Dividends Imports Proprietors Income 16 24 88 19 23 17 25 Calculate GDP GNP NNP National Income Personal Income and Disposable Personal Income You should be able to compute GDP using both the expenditures approach and the income approach
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