Using the table below, calculate GDP for a particular year. Wages and salaries $4,000 Government purchases of goods and services $1,000 Exports $1,600 Rental income $600 Consumption spending $6,000 Transfer payments $600 Private investment spending $1,200 Profit $1,200 Imports $600 Interest income $800 Purchases of corporate stock $500   a. $10,100   b. $9,800   c. $7,000   d. $9,200

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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  1. Using the table below, calculate GDP for a particular year.

    Wages and salaries $4,000

    Government purchases of goods and services $1,000

    Exports $1,600

    Rental income $600

    Consumption spending $6,000

    Transfer payments $600

    Private investment spending $1,200

    Profit $1,200

    Imports $600

    Interest income $800

    Purchases of corporate stock $500

      a.

    $10,100

      b.

    $9,800

      c.

    $7,000

      d.

    $9,200

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