Answer to Question #81133 in Macroeconomics for Abbas Shah

Question

Q.1 The following is a list of national income accounts of Pakistan for a given year. All figures are in billions.
Transfer payments by the government 586
Rental income of houschold sector. 200
Imports 594
Personal consumption expenditure 3227
Gross investment 766
Interest income eaned by household sector 211
Proprietor's Income 325
Social security contribution by households 290
Compensation to employees 2845
Dividends 126
Exports 500
Sale Taxes 392
Saving by business sector 57
Government purchases of goods and services 964
Personal income taxes 590
Net private investmet 260
Saving by households 146
Interest paid by the household 100
Corporate profit tax 141
Net income earned by foreign factor of production in Pakistan 60
Calculate GDP by expenditure approach and then GNP, NNP, NI, PI and DI. Also calculate only national income by factor cost (income) approach.

Answer 1

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