Answer the question on the basis of the follow:Personal Taxes $40Social Security Contributions 15Taxes on Production and Imports 20Corporate Income Taxes 40Transfer Payments 22U. S. Exports 24Undistributed Corporate Profits 35Government Purchases 90Gross Private Domestic Investment 75U. S. Imports 22Personal Consumption Expenditures 250Consumption of Fixed Capital 25Net Foreign Factor Income 10Statistical Discrepancy 0Refer to the above date find: 1) GDP 2) NDP 3) NI 4) PI 5) DI

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Business

Lewis

9 July, 20:39

Answer the question on the basis of the follow:Personal Taxes $40Social Security Contributions 15Taxes on Production and Imports 20Corporate Income Taxes 40Transfer Payments 22U. S. Exports 24Undistributed Corporate Profits 35Government Purchases 90Gross Private Domestic Investment 75U. S. Imports 22Personal Consumption Expenditures 250Consumption of Fixed Capital 25Net Foreign Factor Income 10Statistical Discrepancy 0Refer to the above date find: 1) GDP 2) NDP 3) NI 4) PI 5) DI

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Melvin Dominguez · Answer 1

1) GDP

GDP = consumption + investment + government purchases+net exports

= 250+75+90+24-22

GDP = $417

2) NDP

= GDP - Depreciation

GDP - 25

NDP = $392

3) NI

NI=NDP + NFINC - IBT + SS

392+10-40+40

NI = $402

4) PI

PI = NI - CT - RE - SS + TP + Nint

PI = $314

5) DI

DI = PI-PT

DI = $274