Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $4,565 $740 $1,465 $510 $225 $520 $825 $865 $185 $750 $45 $20 $690 $0 Table 5.1 National Income Accounts (dollar figures are in billions) On the basis of Table 5.1, personal income is

Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $4,565 $740 $1,465 $510 $225 $520 $825 $865 $185 $750 $45 $20 $690 $0 Table 5.1 National Income Accounts (dollar figures are in billions) On the basis of Table 5.1, personal income is

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Expenditures for consumer goods and services
Exports
Government purchases of goods and services
Social Security taxes
Net investment
Indirect business taxes
Imports
Gross investment
Corporate income taxes
Personal income taxes
Corporate retained earnings
Net foreign factor income
Government transfer payments to households
Net interest payments to households
$4,565
$740
$1,465
$510
$225
$520
$825
$865
$185
$750
$45
$20
$690
$0
Table 5.1
National Income Accounts (dollar figures are in billions)
On the basis of Table 5.1, personal income is
$5,620 billion.
$5,790 billion.
$6,530 billion.
$6,445 billion.

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