A) The following is national accounting data is projected for a hypothetical economy. (10 marks)

(Sh Billions)

Gross Domestic Product (GNP)

1692

Net factor income from abroad (Receipts – Payments)

-58

Capital consumption allowance

180

Indirect business taxes

163

Social security contributions

123

Corporate incomes taxes

65

Undistributed corporate profits

18

Transfer receipts

232

Personal taxes

193

Compute the following:

i.

Net National product (Market price)

ii.

National Income (N. I)

iii.

Personal Income (P. I)

iv.

Disposable personal Income (Yd)

b) Assume that an economy has a nomi

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the