Assignment 3 - Econ 202 - Nelson Unit 3 Assignment Ingalls_...

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Econ 202 - Nelson Unit 3 Assignment Name_____Ryan Ingalls__________ Compensation of employees $1,390 Consumption expenditures, Personal $1,500 Consumption of fixed capital (depreciation) $140 Corporate profits $230 Corporate taxes $90 Dividends $110 Export spending $200 Government purchases of goods and services $600 Government transfer payments $290 Investment spending, Gross private domestic $300 Import spending $300 Income earned by citizens in foreign countries $30 Income earned by foreign citizens in this country $50 Interest earned by households from consumers and government $100 Net interest $180 Personal income receipts on assets $420 Personal interest $310 Personal taxes $500 Proprietors' income $70 Rental income of persons $140 Social Security contributions $70 Taxes on production and imports $130 Undistributed corporate profits $60 Statistical discrepancy $0 I. Use the data above (all figures in billions of current dollars) to calculate: A. Gross domestic product _______ 2,300 billion B. Gross national product _______ 2,280 billion C. Net national product _______ 2,140 billion
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D. National income _______ 2,140 biliion E. Personal income _______ 2,210 biliion F. Disposable personal income _______ 1,710 biliion
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This note was uploaded on 10/17/2011 for the course EC 202 taught by Professor Obst during the Summer '08 term at Michigan State University.

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Assignment 3 - Econ 202 - Nelson Unit 3 Assignment Ingalls_...

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