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* Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI Category Value Compensation of employees $205 2 U.S exports
* Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI
Category Value Compensation of employees $205 2 U.S exports of goods and services 18 8 Consumption of fixed capital 11.8 Government purchases 59 4 Taxes on production and imports 14.4 Net private domestic investment 52 1 Transfer payments 13.9 U.S, imports of goods and services 16 5 Personal taxes 40.5 Net foreign factor income 22 Personal consumption expenditures 229 1 Statistical discrepancy 0 Instructions: Round your answers to 1 decimal place. a GDP = billion Instructions: Round your answers to 1 decimal place. a. GDP = billion b. NDP = billion C. NI= billion
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