Use some of the information below to determine which statement is TRUE Corporate profits: 45 Depreciation: 28 Exports: 100 Government Purchases of Goods and Services: 320 Government Transfer Payments: 255 Gross Private Domestic Investment: 160 Imports: 119 (Net) Indirect Business Taxes: 7 Net Factor Payments to Rest of World: 25 Personal Consumption Expenditures: 626 Total government tax and fee revenue: 368 Wages and Salaries: 829 The trade deficit is 19 The trade deficit is 12 The trade deficit is 20 The trade surplus is 58 The trade surplus is 24

Use some of the information below to determine which statement is TRUE Corporate profits: 45 Depreciation: 28 Exports: 100 Government Purchases of Goods and Services: 320 Government Transfer Payments: 255 Gross Private Domestic Investment: 160 Imports: 119 (Net) Indirect Business Taxes: 7 Net Factor Payments to Rest of World: 25 Personal Consumption Expenditures: 626 Total government tax and fee revenue: 368 Wages and Salaries: 829 The trade deficit is 19 The trade deficit is 12 The trade deficit is 20 The trade surplus is 58 The trade surplus is 24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Use some of the information below to determine which statement is TRUE.
Corporate profits: 45
Depreciation: 28
Exports: 100
Government Purchases of Goods and Services: 320
Government Transfer Payments: 255
Gross Private Domestic Investment: 160
Imports: 119
(Net) Indirect Business Taxes: 7
Net Factor Payments to Rest of World: 25
Personal Consumption Expenditures: 626
Total government tax and fee revenue: 368
Wages and Salaries: 829
The trade deficit is 19
The trade deficit is 12
The trade deficit is 20
The trade surplus is 58
The trade surplus is 24

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