Below are some national income data (all figures in $ billions): Imports $30 29 Exports Personal savings Disposable income Government purchases of goods and services Depreciation Gross investment Indirect taxes (less subsidies) 30 210 104 72 66 42 Other income not paid out to persons 43 Net foreign factor income +2 Refer to the information above to answer this question. What is the value of gross domestic product?
Below are some national income data (all figures in $ billions): Imports $30 29 Exports Personal savings Disposable income Government purchases of goods and services Depreciation Gross investment Indirect taxes (less subsidies) 30 210 104 72 66 42 Other income not paid out to persons 43 Net foreign factor income +2 Refer to the information above to answer this question. What is the value of gross domestic product?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Below are some national income data (all figures in $ billions):
Imports
Exports
Personal savings
Disposable income
Government purchases of goods and services
Depreciation
$30
29
30
210
104
72
Gross investment
66
Indirect taxes (less subsidies)
42
Other income not paid out to persons
43
Net foreign factor income
+2
Refer to the information above to answer this question. What is the value of gross domestic
product?
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