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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