2) Refer to Table 1. The value for national income in billions of dollars is

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 1SCQ: In a country, private savings equals 600, the government budget surplus equals 200, and the trade...
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1) Refer to Table 1. The value for GNP in billions of dollars is
A) 990.
B) 1,050.
C) 1,080.
D) 1,200.
2) Refer to Table 1. The value for national income in billions of dollars is
A) 970.
B) 1,030.
C) 1,060.
D) 1,200.
3) Refer to Table 1. The value for disposable personal income in billions of dollars is
A) 890.
B) 920.
C) 970.
D) 1,020.

Table 1
Depredation
Receipts of factor income from the rest of the world
Government purchases
Imports
Payments of factor income to the rest of the world
Net private domestic investment
Personal income taxes
Personal consumption expenditures
Dividends
Exports
Amount of national income not going to households
SBillons
20
40
150
50
40
160
80
700
10
70
30
Transcribed Image Text:Table 1 Depredation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households SBillons 20 40 150 50 40 160 80 700 10 70 30
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