Disposable personal income
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4) The following is information from the national income account for a hypothetical country.
GDP = $6,000
Gross Investment = 800
Net Investment = 200
Consumption = 4,000
Government purchases of goods and services = 1,100
Government budget surplus = 30
What is
a) NDP?
b) Net exports?
c) Government taxes minus surplus?
d) Disposable personal income?
e) Personal Saving?
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Solution Summary
Disposable personal income is depicted.
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a) NDP?
NDP = GDP - net foreign income from this country = 6000 - 0 = $6000
b) Net exports?
NX = GDP - C - gross investment - G = ...
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