Homework B on Intermediate Macroeconomic Theory - Measuring Economic Performance Additional Homework Problems ECON 3133 Dr Keen 1 The following are data

Homework B on Intermediate Macroeconomic Theory - Measuring...

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Measuring Economic Performance Additional Homework Problems ECON 3133 Dr. Keen 1. The following are data from the U.S. economy in billions of dollars Rental income 24.1 Depreciation 669.1 Employee compensation 3,780.4 Consumption 4,378.2 Sales and excise taxes 525.3 Business transfers 28.7 Statistical discrepancy 2.7 Gross investment 882.0 Exports 659.1 Net subsidies to government businesses 9.0 Government spending 1,148.4 Imports 724.3 Net interest 399.5 Proprietor’s income 442.6 Corporate profits 485.8 Net factor payments from abroad 5.7 a.Compute gross domestic product (GDP) using the spending approach. b.Compute net national product (NNP). c.Compute national income (NI) two ways. 2. Fill in the blanks. a. If investment is $1,100 billion, private savings is $1,050 billion, and capital inflow from

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