Question

Personal Consumption Expenditures	$10,001.30
Corporate Profits	1,066.60
Gross Private Domestic Investment	1,589.20
Indirect Business Taxes	1,001.10
Government Expenditures	2,914.90
Net Foreign Factor Income	146.20
Net Exports	-386.40
Wages	7,954.70
Proprietor's Income	1,030.70
Rental Income	292.70
Interest Income	765.90

GDP and National Income using the actual 2009 data from the table above will be

(a) $14,119 and $11,110.6

(b) $11,110.6 and $14,119

(c) $12,119 and $10,111.6

d) None of the above

I am asking it second time... Pl be in detail

Answer 1

Ans

GDP calculation

Particular	Amounts $
Personal Consumption Expenditures	10001.3
Gross Private Domestic Investment	1589.2
Government Expenditures	2914.9
Net Exports	(-386.4)
GROSS DOMESTIC PRODUCT	$14119

National Income

Particular	Amount $
Rent Income	292.7
Wages	7954.7
Interest income	765.9
Corporate profit	1066.6
Proprietor income	1030.7
NATIONAL INCOME	$11110.6

Hence option a) $14,119 and $11,110.6 Right.

indrecrt business tax and net foreign income both are dedicated from GDP.