Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and nervices Consumption of fixed capital Government purchases Taxes on production and imports Net private domentic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy $ 224.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP $ 373.7 billion
Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and nervices Consumption of fixed capital Government purchases Taxes on production and imports Net private domentic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy $ 224.2 17.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP $ 373.7 billion
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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