Using the following national income accounting data, compute GDP, NDP, and NI. All figures are in billions. Round your answers to one decimal place. categoryvaluecompensation of employees$ 196.2U. S. exports of goods and services 19.8Consumption of fixed capital 11.8government purchases59.4taxes on production and imports14.4net private domestic investment 52.1transfer payments 13.9U. S. imports of goods and services 16.5personal taxes Net foreign factor incomePersonal consumption expendituresStatistical discrepancy40.52.2219.10

The Calculation of GDP is shown below:

Answered: Using the following national income…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

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Chapter1: Making Economics Decisions

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Using the following national income accounting data, compute GDP, NDP, and NI. All figures are in billions. Round your answers to one decimal place.

category	value
compensation of employees	$ 196.2
U. S. exports of goods and services	19.8
Consumption of fixed capital	11.8
government purchases	59.4
taxes on production and imports	14.4
net private domestic investment	52.1
transfer payments	13.9
U. S. imports of goods and services	16.5
personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy	40.5 2.2 219.1 0

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