Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Instructions: Round your answers to 1 decimal place. a. GDP = $ 437.8 billion b. NDP = $426.02 billion C. NI = $ 425.6 billion Billions $ 225.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Instructions: Round your answers to 1 decimal place. a. GDP = $ 437.8 billion b. NDP = $426.02 billion C. NI = $ 425.6 billion Billions $ 225.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions.
Category
Compensation of employees
U.S. exports of goods and services
Consumption of fixed capital
Government purchases
Taxes on production and imports
Net private domestic investment
Transfer payments
U.S. imports of goods and services
Personal taxes
Net foreign factor income
Personal consumption expenditures
Statistical discrepancy
Instructions: Round your answers to 1 decimal place.
a. GDP = $ 437.8 billion
b. NDP = $426.02 billion
C. NI = $ 425.6 billion
Billions
$ 225.2
18.8
11.8
59.4
14.4
52.1
13.9
16.5
40.5
2.2
249.1
0.0
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