The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. What is consumption expenditure as a percentage of disposable personal income? >>> Answer to 1 decimal place. trillion. National income is S trillion and disposable personal income is Disposable personal income is percent of national income. Consumption expenditure is percent of disposable personal income.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The table shows some of the items in an economy's National Income and Product
Accounts.
Calculate national income and disposable personal income.
What is consumption expenditure as a percentage of disposable personal income?
>>> Answer to 1 decimal place.
National income is S trillion and disposable personal income is strillion
Disposable personal income is
Consumption expenditure is
10000
percent of national income.
percent of disposable personal income.
Item
Wages
Government expenditure
Interest, rent, and profit
Consumption expenditure
Investment
Net exports
Indirect taxes less subsidies
Retained profits
Transfer payments
Personal income taxes
GNP
Depreciation
Amount
(trillions of dollars)
5.7
1.7
2.2
6.7
-0.3
0.7
1.4
1.2
9.8
Transcribed Image Text:The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. What is consumption expenditure as a percentage of disposable personal income? >>> Answer to 1 decimal place. National income is S trillion and disposable personal income is strillion Disposable personal income is Consumption expenditure is 10000 percent of national income. percent of disposable personal income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes GNP Depreciation Amount (trillions of dollars) 5.7 1.7 2.2 6.7 -0.3 0.7 1.4 1.2 9.8
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