Using the following national income accounting data, compute (a) GDP, (b) NDP, (c) NI. All figures are

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Using the following national income accounting data, compute
(a) GDP,
(b) NDP,
(c) NI. All figures are in billions.
Compensation of employees ......... $194.2
U.S. exports of goods and services...... 17.8
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 .......... 2.2
Personal consumption expenditures ...... 219.1
Statistical discrepancy ........... 0

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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