Question
8.Using the following national income accounting data, compute the major national income measures by the both expenditure and income method. All figures are in billions.
8.Using the following national income accounting data, compute the major national income measures by the both expenditure and income method. All figures are in billions.
Compensation of employees $194.2
Export of good and services 17.8
Consumption of fixed capital (depreciation) 11.8
Government purchases of goods and services 59.4
Indirect business taxes 14.4
Net private domestic investment 52.1
Transfer payment 13.9
Import of goods and services 16.5
Personal Taxes 40.5
Net foreign factor income earned 2.2
Personal consumption expenditures 219.1
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