5. Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. LO7.4 Compensation of employees $194.2 U.S. exports of goods and services 17.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments 13.9 U.S. imports of goods and services 16.5 Personal taxes 40.5 Net foreign factor income 2.2 Personal consumption expenditures 219.1 Statistical discrepancy 0.0

5. Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. LO7.4 Compensation of employees $194.2 U.S. exports of goods and services 17.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments 13.9 U.S. imports of goods and services 16.5 Personal taxes 40.5 Net foreign factor income 2.2 Personal consumption expenditures 219.1 Statistical discrepancy 0.0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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CHAPTER 7 Measuring Domestic Output and National Income 153
Mc
Graw
Hill
E connect
5. Using the following national income accounting data, compute
(a) GDP, (b) NDP, and (c) NI. All figures are in billions. LO7.4
Compensation of employees
$194.2
U.S. exports of goods and services
17.8
Consumption of fixed capital
11.8
Government purchases
59.4
Taxes on production and imports
14.4
Net private domestic investment
52.1
Transfer payments
13.9
U.S. imports of goods and services
16.5
Personal taxes
40.5
Net foreign factor income
2.2
Personal consumption expenditures
219.1
Statistical discrepancy
0.0

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