Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)The following is a list of figures for a given year in billions of dollars.Using this data, compute:(a) GDP; (b) NDP; (c) NI; (d) PI;

1)The following is a list of figures for a given year in billions of dollars.Using this data, compute:(a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports.

image text in transcribedimage text in transcribed
Billions of dollars Transfer payments $ 16 Government purchases 80 Personal taxes 38 Corporate income taxes 28 Taxes on production and imports 15 Social Security contributions 8 Undistributed corporate profits 19 Proprietors' income 25 Compensation of employees 258 Personal consumption expenditures 322 Consumption of fixed capital 4 Rents 10 U.S. Exports 14Corporate profits 70 Interest 12 Dividends 23 Imports to U.S. 17 Gross private domestic investment 63 Net foreign factor income 10 Statistical discrepancy 35

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics The Basics

Authors: Michael Mandel

2nd Edition

0073523186, 9780073523187

More Books

Students also viewed these Economics questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago