Compensation of employees $194.2 U.S. exports of goods and services Consumption of fixed capital 17.8 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 Statistical discrepancy 219.1

Survey of Economics (MindTap Course List)
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Author:Irvin B. Tucker
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Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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Using the following national income accounting data, compute (a ) GDP, (b) NDP, and ( c) NI. All figures are in billions.

Compensation of employees
$194.2
U.S. exports of goods and services
Consumption of fixed capital
17.8
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
Statistical discrepancy
219.1
Transcribed Image Text:Compensation of employees $194.2 U.S. exports of goods and services Consumption of fixed capital 17.8 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 Statistical discrepancy 219.1
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