Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 247 249 475 5 300 245 60 240 65 40 Refer to the accompanying national income data (in billions of dollars). Personal income is

Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 247 249 475 5 300 245 60 240 65 40 Refer to the accompanying national income data (in billions of dollars). Personal income is

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Spring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next page
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