Calculating the GDP, NDP, GNP, NI etc from a data set.

Consider the national income and output data listed: 1)Personal Consumption Expenditure= 1491 2)Transfer Payments 274 3)Depreciation -234 4)Retained earnings-112 5)Gross Fixed Investment-378 6)Fed. State Local Govts'Purchases-354 7)Changes in Bus.Inventories-26 8)Interest PaidToInstitutions-176 9)Imports-248 10)Export-261 11)Personal Income Taxes-514 12)Indirect Bus. Taxes-177 13)NetFactorIncome from abroad-minus5 14)Corp.Profit Taxes-110 15) SS Contributions 95 **Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.

Economics

Classify the various categories of 'gross private domestic investment'. Explain what is meant by each briefly. (The Prof. said, " I am not referring to 'net investment' and 'depreciation' when I say various categories.)

The concept of equilibrium

Many modern economists consider the concept of equilibrium rather strict, and not much applicable to real world problems. Explain the concept, citing 2 real world events.

Comparative advantage and absolute advantage

Can you please discuss the difference between comparative advantage and absolute advantage. Also, provide a specific example so I can understand the difference. How do changes in interest rates, inflation, productivity and income affect exchange rates? Also can you give specific examples of how technology and e-business impacted organization's and the stock market?

Effects on the economy when corporations don't pay federal taxes.

When corporations get away with not paying federal taxes, how does it effect our economy in the long run?