NATIONAL INCOME ACCOUNTING

PRACTICE

                    Given: 

Capital Consumption Allowances

50

Compensation to Employees

510

Corporate Profits                                     50
Exports of Goods and Services                 50
Government Purchases … 250
Government Transfers 315
Gross Private Domestic Invest 150
Imports of Goods and Services 75
Indirect Business Taxes 25
Inventory Changes 20
Net Interest 100
Personal Consumption Expend 500
Proprietors’ Income 30
Rental Income 110
Royalties (oil, gas, endorsements) 55

 

                    Calculate GDP

 

 

 

 

 

 

 

 

                    Given:

 

Business fixed investment 260
Capital consumption allowances 250
Capital gains/losses 88
Compensation to employees 1000
Corporate dividends 50
Corporate profits 100
Corporate retained earnings 10
Government purchases of goods/services 1000
Gross Private Domestic Investment 400
Intermediate transactions 800
Net exports -40
Net interest 110
Personal consumption  expenditures 1000
Plant and equipment 200
Proprietors’ incomes 40
Rental income 140
Total exports 60

 

                    Calculate GDP

 

                    Calculate National Income

 

                    Calculate Net Investment