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C and D

C and D

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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C and D

The table below shows the values for several different components of GDP. Billions of Category Dollars Personal consumption expenditures $245 Net foreign factor income Transfer payments 4 12 Rents 14 Consumption of fixed capital (depreciation) Statistical discrepancy 27 8. Social Security contributions 20 Interest 13 Proprietor's income Net exports 33 11 Dividends 16 Compensation of employees 223 Taxes on production and imports 18 Undistributed corporate profits 21 Personal taxes 26 Corporate income taxes 19 Corporate profits 56 Government purchases 72 Net private domestic investment 33 Personal saving 20 Imports 15 Instructions: Enter your answers as whole number. a. What is the value of exports? 2$ billion b. What is the value of national income? $ billion c. What is the GDP? $ billion d. What is the value of personal income? billion %24
Transcribed Image Text:The table below shows the values for several different components of GDP. Billions of Category Dollars Personal consumption expenditures $245 Net foreign factor income Transfer payments 4 12 Rents 14 Consumption of fixed capital (depreciation) Statistical discrepancy 27 8. Social Security contributions 20 Interest 13 Proprietor's income Net exports 33 11 Dividends 16 Compensation of employees 223 Taxes on production and imports 18 Undistributed corporate profits 21 Personal taxes 26 Corporate income taxes 19 Corporate profits 56 Government purchases 72 Net private domestic investment 33 Personal saving 20 Imports 15 Instructions: Enter your answers as whole number. a. What is the value of exports? 2$ billion b. What is the value of national income? $ billion c. What is the GDP? $ billion d. What is the value of personal income? billion %24
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