Refer to Exhibit 7-1. What is the value of net domestic product?

 

Exhibit 7-1 Consumption expenditures Federal government purchases of goods and services $4,150 850 State and local government's purchases Investment Proprietors income Compensation of employees 331 751 150 4,080 Corporate profits 134 Taxes on corporate profits 23 Rental income 31 Capital consumption allowance 295 Indirect business taxes 130 Net interest 147 Exports 300 320 Imports Undistributed corporate profits Transfer payments Personal taxes Dividends Income Earned from the Rest of the World Income Earned by the Rest of the World 111 66 45 10 252 1,347 Social insurance taxes 222 Statistical discrepancy 5