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Use table 5.1 to answer the question below Table 5.1 National Income accounts (dollar gures are in billions) Expenditures for consumer goods and services 34,565

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Use table 5.1 to answer the question below Table 5.1 National Income accounts (dollar gures are in billions) Expenditures for consumer goods and services 34,565 Exports $740 Government purchases of goods and services 51,465 Social security taxes 3510 Net investment $225 Indirect business taxes $520 Imports 5825 Gross investment $1,035 Corporate income taxes 5135 Personal iniome taxes $750 Corporate retained earnings $45 Net foreign factor income 520 Government transfer payments to households $690 Net interest payments to households 50 On the basis of Table 5.1, gross domestic product is: Select one: Oa. $6,980 billion Ob. $7.635 billion Oc. $6,810 billion Od. $7,720 billion

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