You are given the following information for a certain economy: SB Compensation of Employees Net Interest Income Depreciation Indirect Taxes Subsidies Corporate Profits Proprietor's Income Rental Income Payments of Factor Income to the Rest of the World Receipt of Factor Income from the Rest of the World A. Use the information above to calculate: i. National Income ii. Indirect Taxes minus Subsidies iii. Net Factor Payments to the Rest of the World iv. GDP 240 50 15 100 80 350 100 210 450 300

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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You are given the following information for a certain economy:
SB
Compensation of Employees
Net Interest Income
Depreciation
Indirect Taxes
Subsidies
Corporate Profits
Proprietor's Income
Rental Income
Payments of Factor Income to the Rest of the World
Receipt of Factor Income from the Rest of the World
Use the information above to calculate:
A.
B.
C.
i. National Income
ii. Indirect Taxes minus Subsidies
iii. Net Factor Payments to the Rest of the World
iv. GDP
240
50
15
100
80
350
100
210
450
300
Outline TWO (2) uses of National Income statistics.
Explain FOUR (4) limitations that these statistics have, in determining a country
economic welfare.
(1
Transcribed Image Text:You are given the following information for a certain economy: SB Compensation of Employees Net Interest Income Depreciation Indirect Taxes Subsidies Corporate Profits Proprietor's Income Rental Income Payments of Factor Income to the Rest of the World Receipt of Factor Income from the Rest of the World Use the information above to calculate: A. B. C. i. National Income ii. Indirect Taxes minus Subsidies iii. Net Factor Payments to the Rest of the World iv. GDP 240 50 15 100 80 350 100 210 450 300 Outline TWO (2) uses of National Income statistics. Explain FOUR (4) limitations that these statistics have, in determining a country economic welfare. (1
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Outline TWO (2) uses of National Income statistics.

 

Explain FOUR (4) limitations that these statistics have, in determining a country economic welfare.

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