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

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.5P
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can you please help me solve the wrong answers.

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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