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Question 10 4 pts All the data in the table given below is in billions of dollars: Exports 233 Dividends 81 Consumption expenditures 9163 Gross
Question 10 4 pts All the data in the table given below is in billions of dollars: Exports 233 Dividends 81 Consumption expenditures 9163 Gross private domestic investment 2163 Business income adjustments net of 106 indirect business taxes and transfers U.S. net income eared abroad 51 Undistributed corporate profits 148 Personal income taxes 1386 Imports 720 Federal government expenditures 2520 Changes in business inventories 16 Corporate taxes 103 Depreciation 1806 State and local government expenditures 258 Social Security govt. contribution 250 Answer the questions below based on the table given: A. Calculate GDP in billions of dollars by Expenditure Approach. (2) B. Calculate National Income in billions of dollars. (2) Hint: You may not need all the information/data given in the table below. Pick the ones you need. Need to show detail work for full credits. Write down the formula if you care for partial credits. Edit View Insert Format Tools Table
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