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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
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