Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Refer to Exhibit 7-1. What is the value of national income?
a. $4,542
Ob. $4,351
c. $2,996
d. $4,252
Oe. $4,403

Transcribed Image Text:Consumption expenditures
Federal government purchases of goods and services
State and local government's purchases
Investment
Proprietors income
Compensation of employees
Corporate profits
Taxes on corporate profits
Rental income
Capital consumption allowance
Indirect business taxes
Net interest
Exhibit 7-1
Exports
Imports
Undistributed corporate profits
Transfer payments
Personal taxes
Dividends
Income Earned from the Rest of the World
Income Earned by the Rest of the World
Social insurance taxes
Statistical discrepancy
Fyhihit 7-1. What is the value of national income?
$4,150
850
331
751
150
4,080
134
23
31
295
130
147
300
320
111
66
45
0
252
1,347
222
5
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