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3.1 The following table shoes macroeconomic data for a hypothetical country. Using both the
income and expenditure approaches to calculate the GDP.
Gross private investment 110 billion
Capital consumption allowance 30 billion
Exports 55 billion
Imports 40 billion
Government purchases 140 billion
Personal consumption expenditures 400 billion
Indirect business taxes 25 billion
Social insurance taxes 20 billion
Corporate profit taxes 15 billion
Undistributed corporate profits 5 billion
Transfer payments 65 billion
Personal taxes 120 billion
Compensation of employees 450 billion
Corporate profits 150 billion
Rental income 20 billion
Net interest 30 billion
Proprietors income 15 billion
Income earned from the rest of the world 100 billion
Income earned by the rest of the world 45 billion
GDP income =
GDP expenditure =

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3.1 The following table shoes macroeconomic data for a hypothetical .pdf

  • 1. 3.1 The following table shoes macroeconomic data for a hypothetical country. Using both the income and expenditure approaches to calculate the GDP. Gross private investment 110 billion Capital consumption allowance 30 billion Exports 55 billion Imports 40 billion Government purchases 140 billion Personal consumption expenditures 400 billion Indirect business taxes 25 billion Social insurance taxes 20 billion Corporate profit taxes 15 billion Undistributed corporate profits 5 billion Transfer payments 65 billion Personal taxes 120 billion Compensation of employees 450 billion Corporate profits 150 billion Rental income 20 billion Net interest 30 billion Proprietors income 15 billion Income earned from the rest of the world 100 billion Income earned by the rest of the world 45 billion GDP income = GDP expenditure =