Answer to Question #211337 in Economics for Ishaq Mubarak

Question

Consider the Ghana economy with the following data.

• Compensation of employees =gh 7113
• Proprietors income = gh 939
• Rental income of persons = gh 150
• Corporate profits = gh 1352
• Net intereste = gh 498
• Taxe on production and import = gh 848
• Current surplus of government enterprise = gh 53
• Stock appreciation = gh 100
• Statistical discrepancy = gh 50
• Capital consumption allowance = gh 70
• Private final consumption expenditure = gh 170
• Income received nationals abroad = gh 90
• Income of foreigners in the country = gh 150
• Subsides = gh 40
• Indirect taxes = gh 60

a. Calculate the national income of ghana using the data in the table above.

b. Calculate the Net national income at market price (NNI mp).

Answer 1

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