EBK EXPLORING ECONOMICS
7th Edition
ISBN: 9780100544772
Author: Sexton
Publisher: YUZU
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Question
Chapter 19, Problem 6P
To determine
To compute:
The missing data of the given table.
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Students have asked these similar questions
Use the table to find GDI, GDP, gross private domestic investment, personal income, and
personal disposable income. (All amounts in trillions of dollars.)
Profit
Indirect business taxes
2.8
.8
Rent
.7
Interest
Wages
.8
8.2
Depreciation
Consumption
Government spending
1.3
11.0
1.8
Imports
1.7
Social Security contributions
2.0
Exports
1.5
Government transfer payments
2.0
Personal income taxes and nontax
1.7
payments
Corporate taxes and retained
.5
earnings
GDI =
14.6
GDP =
14.6
'
,
gross private domestic investment =
2,
personal income =
12, personal disposable income=
10.3
Fill in numbers only; one decimal place; e.g. 10.0
The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars.
Fill in the missing cells in the table to calculate GDP using the expenditure approach.
Data
(Billions of dollars)
Consumption (C)
13,321.4
Investment (I)
3,368.0
Exports (X)
2,350.2
Imports (M)
2,928.6
Net Exports of Goods and Services
Government Purchases (G)
3,374.4
Gross Domestic Product (GDP)
Use the table to find GDI, GDP, gross private domestic investment,
personal income, and personal disposable income. (All amounts in
trillions of dollars.)
Profit
Indirect business taxes
Rent
Interest
Wages
Depreciation
Consumption
Government spending
Imports
Social Security contributions
Exports
Government transfer payments
Personal income taxes and nontax
payments
Corporate taxes and retained
earnings
2.8
.8
.7
.8
8.2
1.3
11.0
1.8
1.7
2.0
1.5
2.0
1.7
.5
Please discuss what formula you are using to get each one of the
answers.
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