Question
Use the data below to calculate GDP using the expenditure approach. (I intentionally left out some of the income categories so that you must use
Use the data below to calculate GDP using the expenditure approach. (I intentionally left out some of the income categories so that you must use the expenditureapproach). Then calculateNDP, NI,PI, and DI. (All figures are in billions ofdollars):
Consumption of Fixed Capital(Depreciation)
560.6
Corporate Income Taxes
128.2
Dividends
116.3
Exports
486.4
Government Purchases
1064.8
Imports
598.4
Indirect Business Taxes
369.7
Interest
419.6
Net foreign factor income earned in the U.S.
36.2
Gross Private Domestic Investment
878.9
Personal Consumption Expenditure
3998.8
Personal Taxes
509.4
Proprietor's Income
383.3
Rents
39.1
Social Security Contributions
338.2
Transfer Payments
484.4
Undistributed Corporate Profits
152.8
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