7. Why are economists only interested in the spending onU.S. goods and services?8. Explain the value-added approach to calculating GDP.The difference between the selling prices and the cost ofintermediate inputs.9. How is national income computed using the incomePage 2 of 4 7. Why are economists only interested in the spending onU.S. goods and services?8. Explain the value-added approach to calculating GDP.The difference between the selling prices and the cost ofintermediate inputs.9. How is national income computed using the incomePage 2 of 4

Disposable income refers to the income that left to the household after paying all the necessary…

Answered: 13. How is the disposable income…

13. How is the disposable income calculated from personal income? 14. Distinguish between disposable income and discretionary income.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

7. Why are economists only interested in the spending on
U.S. goods and services?
8. Explain the value-added approach to calculating GDP.
The difference between the selling prices and the cost of
intermediate inputs.
9. How is national income computed using the income
Page 2 of 4

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