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Consider the small economy represented in the following table. All values are in dollars.
Firm A | Wages paid to employees | 144 | |
| Taxes paid to government | 152 | |
| Input purchased from Firm B | 43 | |
| Revenue received | 637 | |
| Sold to Public (newly produced) | | 432 |
| Sold to a foreign country | | 138 |
| Sold from inventory to Public | | 67 |
| Unsold production | 82 | |
| After-tax profit | 298 | |
Firm B | Wages paid to employees | 169 | |
| Taxes paid to government | 108 | |
| Input purchased from Firm C | 60 | |
| Revenue received | 596 | |
| Sold to Public (newly produced) | | 296 |
| Sold to Government | | 170 |
| Sold to Firm A | | 43 |
| Sold from inventory to Public | | 87 |
| After-tax profit | 259 | |
Firm C | Wages paid to employees | 179 | |
| Taxes paid to government | 181 | |
| Input imported | 74 | |
| Revenue received | 613 | |
| Sold to Public (newly produced) | | 307 |
| Sold to Firm B | | 60 |
| Sold to a foreign country | | 246 |
| Unsold production | 50 | |
| After-tax profit | 179 | |
Additional Information
Government transfers 124
Interest on government's debt 63
Private Saving 142
c. Investment (I) (changes in inventory is part of investment)
d. net exports (NX)
e. gross domestic product (GDP)
f. government saving (Sgov)
g. current account balance
h. net factor payments (NFP)
i. gross national product (GNP)
j. government budget deficit
k. private disposable income
l. net government income
m. change in national wealth assuming value and stock of assets are held by Canadians did not change over the period
Answer & Explanation
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