Macroeconomics for BusinessTU Board 2082
Consider the following data: DescriptionRs. in billionsDividends459Business interest payments946Addition to stocks 3Personal taxes413Personal consumption expenditure11943Govt. and business…
15Consider the following data: DescriptionRs. in billionsDividends459Business interest payments946Addition to stocks-3Personal taxes413Personal consumption expenditure11943Govt. and business transfers2000Net indirect taxes739Net fixed capital formation1671Depreciation708Current transfers from rest of the world1182Corporate profits2059Exports1048Rental income682Government consumption757Wages and salaries8000Imports1540Interest264Employer's contribution to social security1186Social insurance payments1000 a. Compute GDP MP by both expenditure and income methods. b. Compute personal income. c. Differentiate nominal GDP and real GDP.
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