Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Billions $ 226.2 19.8 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 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ 3757 billion b. NDP = $ 3639 billion c. NI = $ billion
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Billions $ 226.2 19.8 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 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ 3757 billion b. NDP = $ 3639 billion c. NI = $ billion
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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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
Billions
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
$ 226.2
19.8
11.8
59.4
14.4
52.1
13.9
16.5
40.5
2.2
249.1
0.0
Instructions: Round your answers to 1 decimal place.
a. GDP = $
3757 billion
b. NDP = $
3639 billion
c. NI = $
billion
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