a. What is the value of exports? $ billion b. What is the value of national income? $ c. What is the GDP? billion billion d. What is the value of personal income? billion
a. What is the value of exports? $ billion b. What is the value of national income? $ c. What is the GDP? billion billion d. What is the value of personal income? billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Undistributed corporate profits
Personal taxes
Corporate income taxes
Corporate profits
Government purchases
Net private domestic investment
Personal saving
Imports
Instructions: Enter your answers as whole number.
a. What is the value of exports?
$
billion
b. What is the value of national income?
$
c. What is the GDP?
o search
billion
billion
d. What is the value of personal income?
billion
Et
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Transcribed Image Text:The table below shows the values for several different components of GDP.
Category
Personal consumption expenditures
Net foreign factor income
search
Transfer payments
Rents
Consumption of fixed capital (depreciation)
Statistical discrepancy
Social Security contributions
Interest
Proprietor's income
Net exports
Dividends
Compensation of employees
Taxes on production and imports
Undistributed corporate profits
Personal taxes
Corporate income taxes
Corporate profits
Government purchases.
Net private domestic investment
Personal saving
Imports
Instructions: Enter your answers as whole number.
O
Billions of
Dollars
$260
6
13
13
21
6
14
< Prex
11
27
8
10
238
12
15
20
13
50
56
27
14
49
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D
Next >
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