Use the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit Indirect business taxes 2.8 .8 Rent .7 Interest Wages .8 8.2 Imports Depreciation Consumption Government spending Social Security contributions 1.3 11.0 1.8 1.7 2.0 Exports 1.5 Government transfer payments 2.0 Personal income taxes and nontax 1.7 payments Corporate taxes and retained earnings .5 GDI = _ 14.6, GDP = 14.6___ gross private domestic investment = 2, personal income = 12, personal disposable income= 10.3 Fill in numbers only; one decimal place; e.g. 10.0
Use the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit Indirect business taxes 2.8 .8 Rent .7 Interest Wages .8 8.2 Imports Depreciation Consumption Government spending Social Security contributions 1.3 11.0 1.8 1.7 2.0 Exports 1.5 Government transfer payments 2.0 Personal income taxes and nontax 1.7 payments Corporate taxes and retained earnings .5 GDI = _ 14.6, GDP = 14.6___ gross private domestic investment = 2, personal income = 12, personal disposable income= 10.3 Fill in numbers only; one decimal place; e.g. 10.0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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