Change in business inventoriesCompensation of employeesCorporate profitsDurable goodsExportsSocial Security taxesTransfer paymentsFixed investmentGovernment spendingImportsNet interestNondurable goodsPersonal taxesRental incomeServicesIn Exhibit 5-10, compute personal income (PI). Which of the following is correct?O $7,110 billion.O $7,410 billion.$6,740 billion.$7,760 billion.$6.780 billion.505,4007006001003603009508001505002,0001,0002004,000

Personal Income (PI) represents the total income received by individuals prior to the deduction of…

Change in business inventories 50 Compensation of employees 5,400 Corporate profits 700 Durable goods 600 Exports Social Security taxes Transfer payments Fixed investment Government spending Imports Net interest Nondurable goods Personal taxes Rental income 100 360 300 950 800 150 500 2,000 1,000 200 Services 4,000 In Exhibit 5-10, compute personal income (PI). Which of the following is correct? O $7,110 billion. $7,410 billion. $6,740 billion. $7,760 billion. $6.780 billion.

Change in business inventories 50 Compensation of employees 5,400 Corporate profits 700 Durable goods 600 Exports Social Security taxes Transfer payments Fixed investment Government spending Imports Net interest Nondurable goods Personal taxes Rental income 100 360 300 950 800 150 500 2,000 1,000 200 Services 4,000 In Exhibit 5-10, compute personal income (PI). Which of the following is correct? O $7,110 billion. $7,410 billion. $6,740 billion. $7,760 billion. $6.780 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Bureau of Economic Analysis Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of chained (2012) dollars] Seasonally adjusted at annual rates Last Revised On: Mar 26 2020 8:30AM-Next Release Date: Apr 29 2020 8:30AM Line 123 4 S 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Gross domestic product Personal consumption expenditures Goods Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment Intellectual property products Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local Residual 2018 18,638.2 12,944.6 4,583.3 1,685.7 2,909.6 8,388.1 3,360.5 3,293.4 2,692.3 540.9 1,255.3 901.6 602.9 48.1 -920.0 2,532.9 1,782.8 755.4 3,453.0 2,916.1 539.9 3,223.9 1,232.2 737.5 494.2 1,990.0 2.1 2019 19,073.1 13,280.1 4,754.6…
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