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2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.

2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.

MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
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2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.
Transcribed Image Text:2. In one year in the country of Countem, workers earned $4150, the proprietor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and im- ports were $329, business current transfer payments were $12, the current surplus of government enter- prises was $3, statistical discrepancy was $28, con- sumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national in- come, net national product, gross national product, and gross domestic product.
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