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Questions 1-12: The following are theoretical national incom

Paper help Economics Questions 1-12: The following are theoretical national incom

Economics

Questions 1-12: The following are theoretical national incom

Questions 1-12: The following are theoretical national income accounting figures for the United Sta… Show more Questions 1-12: The following are theoretical national income accounting figures for the United States for a certain year: Category Amount Durable Consumer Goods $62 Net Foreign Factor Income -4 Transfer Payments 12 Rents 14 All business final purchases of machinery, equipment, and tools 20 Consumption of fixed capital 27 Social Security Contributions 20 Interest 13 Nodurable Consumer Goods 33 Proprietors’ Income 33 Value of Exports 33 Compensation of Employees 223 Personal Taxes 26 Taxes on Production and Imports 18 Undistributed Corporate Profits 21 Personal Savings 20 Value of Imports 22 Corporate Income Taxes 19 Changes in Inventories -7 Consumer Expenditures for Services 150 Corporate Profits 56 Government Purchases 72 Dividends 16 All construction 47 Statistical Discrepancy 0 Calculate the value of each of the following and SHOW YOUR CALCULATION OF EACH to get credit. Consumption Gross Private Domestic Investment Net Exports National Income GDP from the EXPENDITURES Approach GDP from the INCOME Approach Net Domestic Product Personal Income Disposable Income Net Private Domestic Investment Carefully explain what this value of Net Investment implies for the future of this economy. Carefully explain what the value of net foreign factor income given in the table means. Be PRECISE! • Show less

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