Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table is copied from Table 1.7.5 of the Bureau of Economic Analysis (BEA) National Income and Product Accounts ( NIPA ) but is

  1. The following table is copied from Table 1.7.5 of the Bureau of Economic Analysis (BEA) National Income and Product Accounts ( NIPA ) but is missing the following four major category headings for lines 4, 14, 16, and 25: Net National Product, Gross National Product, Personal Income and National Income. Please insert these headings into the appropriate spaces in the table below.

image text in transcribed
Line 2012 2013 Gross domestic product 1 16,244.60 16,799.70 Plus: income receipts from the rest of the world 2 818.6 827.3 Less: Income payments to the rest of the world WU 565.7 569.5 4 16,497.40 17,057.50 Consumption of Fixed Capital 5 2,542.90 2,646.60 14 13,954.60 14,410.90 Less: Indirect Bus Tax and statistical discrepancy 15 -17.0 -132.2 16 13,971.60 14,543.10 Less: Corporate profits with inventory valuation and capital consumption adjustments 17 2,009.50 2,102.10 Less: Taxes on production and imports less subsidies 18 1,065.60 1,088.00 Less: Contributions for government social insurance, domestic 19 950.7 1,106.10 Less: Net interest and miscellaneous payments on assets 20 439.6 469.2 Less: Business current transfer payments (net) 21 106.9 124.4 Less: Current surplus of government enterprises 22 -27.7 -40.1 Plus: Personal income receipts on assets 23 1,958.50 1,997.70 Plus: Personal current transfer receipts 24 2,358.30 2,444.30 25 13,743.80 14,135.30

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

How China Became Capitalist

Authors: Ronald Coase, Ning Wang

1st Edition

1137351438, 9781137351432

More Books

Students also viewed these Economics questions