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The table below shows the values for several different components of GDP. Billions of Dollars $ 245 4 12 14 27 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Consumption of fixed capital (depreciation)

The table below shows the values for several different components of GDP. Billions of Dollars $ 245 4 12 14 27 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Consumption of fixed capital (depreciation)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The table below shows the values for several different components of GDP. Billions of Dollars $ 245 4 12 14 27 8 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents 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 Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving Imports Instructions: Enter your answers as whole number. a. What is the value of exports? $ 12 billion SA b. What is the value of national income? tA $ $ 357 c. What is the GDP? billion $ 388 billion d. What is the value of personal income? 20 13 33 11 16 223 18 21 26 19 56 72 33 20 15 42 billion
Transcribed Image Text:The table below shows the values for several different components of GDP. Billions of Dollars $ 245 4 12 14 27 8 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents 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 Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving Imports Instructions: Enter your answers as whole number. a. What is the value of exports? $ 12 billion SA b. What is the value of national income? tA $ $ 357 c. What is the GDP? billion $ 388 billion d. What is the value of personal income? 20 13 33 11 16 223 18 21 26 19 56 72 33 20 15 42 billion
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