The table below shows the values for several different components of GDP. Billions of Dollars Category Personal consumption expenditures Net foreign factor income Transfer payments $ 265 4 14 Rents 14 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 19 16 12 14 25 14 16 243 10 13 18 Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving 11 40 54 25 12 Tmnorts

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The table below shows the values for several different components of GDP.
Billions of
Dollars
Category
Personal consumption expenditures
Net foreign factor income
Transfer payments
$ 265
4
14
Rents
14
Consumption of fixed capital (depreciation)
Statistical discrepancy
Social Security contributions
Interest
19
16
12
14
Proprietor's income
Net exports
Dividends
Compensation of employees
Taxes on production and imports
Undistributed corporate profits
25
14
16
243
10
13
Personal taxes
18
11
Corporate income taxes
Corporate profits
Government purchases
Net private domestic investment
Personal saving
Imports
40
54
25
12
7.
Transcribed Image Text:The table below shows the values for several different components of GDP. Billions of Dollars Category Personal consumption expenditures Net foreign factor income Transfer payments $ 265 4 14 Rents 14 Consumption of fixed capital (depreciation) Statistical discrepancy Social Security contributions Interest 19 16 12 14 Proprietor's income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits 25 14 16 243 10 13 Personal taxes 18 11 Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving Imports 40 54 25 12 7.
Instructions: Enter your answers as whole number.
a. What is the value of exports?
2$
billion
b. What is the value of national income?
billion
c. What is the GDP?
billion
d. What is the value of personal income?
billion
%24
%24
%24
Transcribed Image Text:Instructions: Enter your answers as whole number. a. What is the value of exports? 2$ billion b. What is the value of national income? billion c. What is the GDP? billion d. What is the value of personal income? billion %24 %24 %24
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