How to calculate GDP, national income, disposable personal income, and personal savings?
consumption=1000 government transfer payments=100 indirect business taxes=20 gross private domestic investment=150 exports=200 government consumption and gross investment=240 corporate profits=25 dividends=5 social insurance taxes=60 personal income taxes=150 imports=260 personal transfers to foreigners=25 net factor payments from abroad= – 30 (yes, negative) interest earned from government and consumers=12 interest payments to business=5 i thought i knew how to do these but the wording confused me. thanks 4 your help.
