1- A very small country’s gross domestic product
is $12 million. If government expenditures amounted to $7.5
million and gross private domestic investment is $5.5 million, what would be
the amount of net exports of goods and services?
2. Personal income amounted to $17 million last
year. Personal current taxes amounted to $4 million and personal outlays for
consumption expenditures, non-mortgage interest, and so forth were $12 million.
a. What was the amount of disposable personal income last year?
b. What was the amount of personal saving last year?
3. Assume personal income was $28 million last year. Personal outlays were $20 million and personal
current taxes were $5 million
What was the amount of disposable personal income last year?
What was the amount of personal saving last year
Calculate personal saving as a percentage of disposable
personal income.
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