Generation of Income Account:
Compensation of employees:
Non-financial corporations: 980,000
Financial corporations: 46,500
General government: 97,500
Households: 11,500
NPISHs: 11,000
Gross operating surplus/Gross mixed income:
Non-financial corporations: 288,000
Financial corporations: 46,550
General government: 25,700
Households: 154,500
NPISHs: 2,750
Taxes on products:
128,000
Subsidies on products:
8,000
Other taxes less subsidies on production and imports:
58,500
Property income from the rest of the world:
Non-financial corporations: 97,850
Financial corporations: 194,500
General government: 23,500
Households: 132,300
NPISHs: 8,530
Total Generation of Income:
= Compensation of employees + Gross operating surplus/Gross mixed income + Taxes on products - Subsidies on products + Other taxes less subsidies on production and imports + Property income from the rest of the world
= (980,000 + 46,500 + 97,500 + 11,500 + 11,000) + (288,000 + 46,550 + 25,700 + 154,500 + 2,750) + 128,000 - 8,000 + 58,500 + (97,850 + 194,500 + 23,500 + 132,300 + 8,530)
= 1,233,500 + 517,500 + 128,000 - 8,000 + 58,500 + 456,680
= 2,386,180
Allocation of Primary Income Account:
Compensation of employees received from the rest of the world:
Households: 1,145,000
Compensation of employees paid to the rest of the world:
4,750
Property income to the rest of the world:
Non-financial corporations: 143,400
Financial corporations: 186,450
General government: 42,370
Households: 39,450
NPISHs: 5,550
Total Allocation of Primary Income:
= Compensation of employees received from the rest of the world + Compensation of employees paid to the rest of the world + Property income to the rest of the world
= 1,145,000 + 4,750 + (143,400 + 186,450 + 42,370 + 39,450 + 5,550)
= 1,149,750 + 417,220
= 1,566,970
Therefore, the Generation of Income Account of the nation is 2,386,180 and the Allocation of Primary Income Account is 1,566,970.
Here below, you are given statistical data of country:
Compensation of employees:
Non-financial corporations: 980,000
Financial corporations: 46,500
General government: 97,500
Households: 11,500
NPISHs: 11,000
Taxes on products : 128,000
Subsidies on products : 8,000
Other taxes less subsidies on production and imports: 58,500
Non-financial corporations: 49,000
Financial corporations: 4,000
General government: 2,500
Households: -1,500
NPISHs: to be computed
Gross operating surplus/Gross mixed income
Non-financial corporations: 288,000
Financial corporations: 46,550
General government: 25,700
Households: 154,500
NPISHs: 2,750
Compensation of employees from the rest of the world:
Households: 1,145,000
Compensation of employees to the rest of the world: 4,750
Property income from the rest of the world
Non-financial corporations: 97,850
Financial corporations: 194,500
General government: 23,500
Households: 132,300
NPISHs: 8,530
Property income to the rest of the world
Non-financial corporations: 143,400
Financial corporations: 186,450
General government: 42,370
Households: 39,450
NPISHs: 5,550
Required: Using the data above provided, present the Generation of Income Account and the Allocation of Primary Income Account of the Nation.
1 answer