In One Year in the Country of Countem,workers Earned $4150,proprietor's

question 43

Essay

In one year in the country of Countem,workers earned $4150,proprietor's income was $392,rental income was $20,corporate profits were $683,net interest was $228,taxes on production and imports were $329,business current transfer payments were $12,the current surplus of government enterprises was $3,statistical discrepancy was $28,consumption of fixed capital was $882,factor income received from the rest of the world was $331,and payments of factor income to the rest of the world was $623.Based on these data,compute national income,net national product,gross national product,and gross domestic product.

---

Definitions:

Direct Index Approach

A method used in economics and finance to directly measure price changes over time, often applied in the calculation of inflation or in indexing investment performance.

Delivery Truck Driver

A professional who operates trucks to transport goods and packages to various destinations.

Friendliness

The quality of being friendly; exhibiting warmth and approachability in interactions with others.

Management by Objectives (MBO)

A performance management approach where managers and employees set specific, measurable objectives together and regularly review the progress.