114.(Exhibit: Totals Recorded for United States) What were the approximate ratios of consumption, investment, and government purchases to GDP?
Use the following to answer questions 1114:
Exhibit: Totals Recorded for the United States (billions of dollars)*
|
Durable goods consumption |
$ 497 |
|
Nondurable goods consumption |
1,301 |
|
Services consumption |
2,342 |
|
Business fixed investment |
566 |
|
Residential fixed investment |
224 |
|
Inventory investment |
7 |
|
Federal government purchases |
449 |
|
State and local government purchases |
683 |
|
Exports |
640 |
|
Imports |
670 |
|
Excess of GNP over |
7 |
|
|
658 |
|
Indirect business taxes |
551 |
|
Corporate profits |
|
|
(includes wage accruals less disbursements) |
387 |
|
Social insurance contributions |
556 |
|
Net interest |
442 |
|
Dividends (includes business transfer payments) |
162 |
|
Government transfers to individuals |
837 |
|
Personal interest income |
694 |
|
Personal tax and nontax payments |
645 |
*Note: The numbers given in this exhibit and the answers to the following questions differ from those in Table 2-1 in the body of the text.
112.(Exhibit: Totals Recorded for United States) What were GDP, consumption expenditures, investment expenditures, government purchases, and net exports?
113.(Exhibit: Totals Recorded for United States) What were net national product,
114.(Exhibit: Totals Recorded for United States) What were the approximate ratios of consumption, investment, and government purchases to GDP?
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