Question : Wages $ 26,500Consumption Expenditures $36,000Government Expenditures $18,500Imports $20,330Exports $18,580Property Taxes : 7162
Wages $ 26,500Consumption Expenditures $36,000Government Expenditures $18,500Imports $20,330Exports $18,580Property Taxes $16,000Sales Taxes $9,715Retained earnings $1,310Personal Income Taxes $2,200Private Investment Expenditures $15,650Interest Income $1,940Pay Roll taxes $1,300Transfer Payments $880Depreciations $1,300Net Income Made Abroad by Americans $160Indirect Business taxes $2,520Corporate Income Taxes $320
2. Calculate labor force participation rate in an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.
Solution
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