Thursday, December 4, 2008 at 10:30pm by kim. PHYSICS 1. A 4.0 N force acts for 3 ... The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports
To compute the various economic measures using the given data, you need to understand the definitions of each measure and the formulas used to calculate them. Let's go through each measure step by step:
(a) Gross Domestic Product (GDP): GDP represents the total value of goods and services produced within a country's borders in a specific time period.
To calculate GDP, you need the figures for consumption (C), investment (I), government spending (G), and net exports (NX). The formula for GDP is:
GDP = C + I + G + NX
However, the given data only includes figures for net exports. To calculate GDP, we need to obtain the figures for consumption, investment, and government spending.
(b) Net Domestic Product (NDP): NDP represents the value of goods and services produced within a country's borders after accounting for depreciation.
NDP is calculated by subtracting the depreciation (D) from GDP:
NDP = GDP - D
(c) National Income (NI): NI represents the total income earned by individuals and businesses within a country's borders.
NI is calculated by subtracting indirect business taxes (IBT) from NDP:
NI = NDP - IBT
(d) Personal Income (PI): PI represents the income received by individuals before taxes and other deductions.
PI is calculated by subtracting retained earnings (RE) from NI:
PI = NI - RE
(e) Disposable Income (DI): DI represents the income available to individuals after taxes.
DI is calculated by subtracting personal taxes (PT) from PI:
DI = PI - PT
(f) Net Exports (NX): Provided in the given data.
Once you have all the necessary figures, you can substitute them into the formulas to calculate the desired economic measures.
Please provide the figures for consumption, investment, government spending, depreciation, indirect business taxes, retained earnings, and personal taxes so that I can guide you through the calculations.