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Category Personal consumption expenditures Net foreign factor income 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. a. What is the value of exports? $ 25 billion b. What is the value of national income? $ 318 billion c. What is the GDP? $ 421 billion d. What is the value of personal income? $ 261 billion Billions of Dollars $ 280 6 9 16 31 15 16 14 31 12 10 258 16 19 24 17 46 67 31 18 13

Category Personal consumption expenditures Net foreign factor income 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. a. What is the value of exports? $ 25 billion b. What is the value of national income? $ 318 billion c. What is the GDP? $ 421 billion d. What is the value of personal income? $ 261 billion Billions of Dollars $ 280 6 9 16 31 15 16 14 31 12 10 258 16 19 24 17 46 67 31 18 13

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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Category Personal consumption expenditures Net foreign factor income 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. a. What is the value of exports? $ 25 billion b. What is the value of national income? $ 318 billion c. What is the GDP? $ 421 billion d. What is the value of personal income? $ 261 billion Billions of Dollars $ 280 6 9 16 31 15 16 14 31 12 10 258 16 19 24 17 46 67 31 18 13
Transcribed Image Text:Category Personal consumption expenditures Net foreign factor income 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. a. What is the value of exports? $ 25 billion b. What is the value of national income? $ 318 billion c. What is the GDP? $ 421 billion d. What is the value of personal income? $ 261 billion Billions of Dollars $ 280 6 9 16 31 15 16 14 31 12 10 258 16 19 24 17 46 67 31 18 13
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