Spending Category Amou (Billions of dollars) Corporate profits 305 Depreciation 479 Gross private domestic investment 716 Personal taxes 565 Personal saving 120 Government spending 924 Imports 547 Net interest 337 Compensation of employees 2,648 Rental income 19 Exports 427 Personal consumption expenditures 2,966 Indirect business taxes 370 Contributions for Social Security (FICA) 422 Transfer payments and other income 991 Proprietors' income 328 Based on the data table, personal income is equal to $ Based on the data table, disposable personal income (DI) is equal to $ billion. billion.
Spending Category Amou (Billions of dollars) Corporate profits 305 Depreciation 479 Gross private domestic investment 716 Personal taxes 565 Personal saving 120 Government spending 924 Imports 547 Net interest 337 Compensation of employees 2,648 Rental income 19 Exports 427 Personal consumption expenditures 2,966 Indirect business taxes 370 Contributions for Social Security (FICA) 422 Transfer payments and other income 991 Proprietors' income 328 Based on the data table, personal income is equal to $ Based on the data table, disposable personal income (DI) is equal to $ billion. billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:Spending Category
ABOUT
(Billions of dollars)
Corporate profits
305
Depreciation
479
Gross private domestic investment
716
Personal taxes
565
Personal saving
120
Government spending
924
Imports
547
Net interest
337
Compensation of employees
2,648
Rental income
19
Exports
427
Personal consumption expenditures
2,966
Indirect business taxes
370
Contributions for Social Security (FICA)
422
Transfer payments and other income
991
Proprietors' income
328
Based on the data table, personal income is equal to $
Based on the data table, disposable personal income (DI) is equal to
billion.
billion.
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