Answered step by step
Verified Expert Solution
Question
1 Approved Answer
National Income Accounting. All figures are in billions of dollars for 2015 Personal Consumption Expenditures $400 Corporate Income taxes 22 Net Exports 20 Depreciation (CCA)
National Income Accounting. All figures are in billions of dollars for 2015
Personal Consumption Expenditures | $400 |
Corporate Income taxes | 22 |
Net Exports | 20 |
Depreciation (CCA) | 43 |
Government purchases of goods & services | 108 |
Gross Investment | 88 |
Personal taxes | 45 |
Government transfer payments | 24 |
Personal savings | 22 |
The price index (GDP Deflator) in 2015 is 117; calculate the real GDP for 2015 (USE 2 DECIMALS)
Answer:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started