b. Use the data below to calculate the following:I. Gross National Product at Market Price II. Gross National Disposable IncomeIII. Net National Income at basic price IV. Net National Income at basic priceV. Personal Income VI. Disposable Income Compensation of employees2000Interest500Rent700profits800Employer’s contribution to social security20Net indirect tax250Consumption of fixed capital100Net Exports70Net factor income to abroad150Mixed income of self employed1500Net current transfers from the rest of the world250Current transfers from the government100Subsidies25

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Answered: b. Use the data below to calculate the…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 12PA

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Question

b. Use the data below to calculate the following:

I. Gross National Product at Market Price

II. Gross National Disposable Income
III. Net National Income at basic price
IV. Net National Income at basic price
V. Personal Income
VI. Disposable Income

Compensation of employees	2000
Interest	500
Rent	700
profits	800
Employer’s contribution to social security	20
Net indirect tax	250
Consumption of fixed capital	100
Net Exports	70
Net factor income to abroad	150
Mixed income of self employed	1500
Net current transfers from the rest of the world	250
Current transfers from the government	100
Subsidies	25