Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.CategoryBillionsCompensation of employeesU.S. exports of goods and servicesConsumption of fixed capitalGovernment purchasesTaxes on production and importsNet private domestic investmentTransfer paymentsU.S. imports of goods and services$ 224.217.811.859.414.452.113.916.5Personal taxes40.5Net foreign factor incomePersonal consumption expendituresStatistical discrepancy2.2249.10.0Instructions: Round your answers to 1 decimal place.a. GDP = $ 373.7billioninb. NDP = $ 376.3billionc. NI = $ 378.5billion

GDP is a macroeconomic measure used in the computation of the aggregate total output produced in an…

Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and nervices Consumption of fixed capital Government purchases Taxes on production and imports Net private domentic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy $ 224.2 17.8 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 $ 373.7 billion

Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and nervices Consumption of fixed capital Government purchases Taxes on production and imports Net private domentic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy $ 224.2 17.8 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 $ 373.7 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Calculate the value of consumption of fixed capital National income = $4000 GDPMP = $5000 Net indirect tax = $300 Net factor income from abroad = $200 All values are in million
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Personal Consumption Expenditures Government Purchases Gross Private Domestic Investment Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors Income Corporate Income Taxes Dividends Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income Multiple Choce $520 SEZE $400 128 7 .. 43 369 12 BARBERT 15 52 24 22 figures are in billions of dollars. Net domestico
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