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(Solved) (Latest ver. Aug 2020) - National Income Accounting-

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Question:

Calculate national income from the following figures:

Consumption $200 Billion
Depreciation $20 Billion
Retained earning $12 Billion
Gross investment $30 Billion
Imports $40 Billion
Social Security taxes $25 Billion
Exports $50 Billion
Indirect business taxes $15 Billion
Government purchases $60 Billion
Personal income taxes $40 Billion

b- If there were 80 million people in this country, what would be the GDP per capita be?
c- If all prices were to double overnight, what would happen to the values of real and nominal GDP per capita?
d- What is the value of the net investment ?

 







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