21)$8Net Foreign Factor Income47Corporate Profits46Proprietors' Income13Dividends41Consumption of Fixed Capital10Social Security ContributionsTransfer Payments2724Imports of the USPersonal Taxes46Taxes on Production and Imports50Interest16Personal Income317Statistical Discrepancy66Rent8Compensation of Employees217Refer to the accompanying national income statistics (in billions of dollars).National Income isGross domestic product isNet domestic product isMICDisposable income isLEARNINCENTER

NDPFc ( domestic income ) = compensation of employees + operating surplus + mixed income = 217 + 35…

41 Consumption of Fixed Capital 10 Social Security Contributions Transfer Payments 27 24 Imports of the US Personal Taxes 46 Taxes on Production and Imports 50 Interest 16 Personal Income 317 66 Statistical Discrepancy Rent 8 Compensation of Employees Refer to the accompanying national income statistics (in billions of dollars). 217 National Income is. ON Gross domestic product is MIC Net domestic product is Disposable income is LEARNIN CENTER

41 Consumption of Fixed Capital 10 Social Security Contributions Transfer Payments 27 24 Imports of the US Personal Taxes 46 Taxes on Production and Imports 50 Interest 16 Personal Income 317 66 Statistical Discrepancy Rent 8 Compensation of Employees Refer to the accompanying national income statistics (in billions of dollars). 217 National Income is. ON Gross domestic product is MIC Net domestic product is Disposable income is LEARNIN CENTER

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter18: Poverty And Redistribution

Section: Chapter Questions

Problem 1.1P

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