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  • PAPER QUESTION National Income and Product Accounting

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    The document contains sample data from a National Income and Product Accounts report, including values for GDP, GNP, consumption, investment, government purchases, exports, imports, taxes, and income. It also uses the data to calculate related economic aggregates like national income, private saving, government saving, national saving, and trade and current account balances.

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    The document contains sample data from a National Income and Product Accounts report, including values for GDP, GNP, consumption, investment, government purchases, exports, imports, taxes, and income. It also uses the data to calculate related economic aggregates like national income, private saving, government saving, national saving, and trade and current account balances.

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    8 views1 page

    PAPER QUESTION National Income and Product Accounting

    Uploaded by

    evilguy06
    The document contains sample data from a National Income and Product Accounts report, including values for GDP, GNP, consumption, investment, government purchases, exports, imports, taxes, and income. It also uses the data to calculate related economic aggregates like national income, private saving, government saving, national saving, and trade and current account balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Ishan Wahi

    Name

    Eid Due at the beginning of class -- Bencivenga: T 1/31 -- Paal: W 2/1

    PAPER QUESTION: National Income and Product Accounting (NIPA) You are given the NIPA data below, for an economy. Compensation of employees Net interest Rental income Corporate profits Proprietors income Taxes on production and imports, etc. Depreciation Using these data, calculate the following: 1. 2. 3. 4. 5. 6. 7. 8. 9. GDP GNP
    = 200 + 10 -10 + 120 = 410 = 410 + 6 = 416

    9 points

    220 20 5 80 10 30 ?

    Consumption expenditure Gross investment expenditure Government purchases Exports Imports Net taxes (taxes less transfer payments) Net factor income from abroad

    200 100 120 50 60 100 6

    national income = NNP = 220 + 20 + 5 + 80 + 10 + 30 = 365 depreciation private saving


    = 416 - 365 = 51 = 416 - 200 - 100 = 116 = 100 - 120 = -20

    government saving national saving trade balance

    = 116 + (-20) = 96

    50 - 60 = -10

    current account balance 96 - 100 = -4

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