National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $ 8,200 $ 1,700 $ 2,500 $ 1,900 $ 1,400 Multiple Choice $ 1,400 $ 1,900 $ 1,800 $ 600 $ 1,500 $130 $100 $ 1,600 $500 (Table 5.3) The value of the income aggregate that is defined as "total income earned by current factors of production" is
National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $ 8,200 $ 1,700 $ 2,500 $ 1,900 $ 1,400 Multiple Choice $ 1,400 $ 1,900 $ 1,800 $ 600 $ 1,500 $130 $100 $ 1,600 $500 (Table 5.3) The value of the income aggregate that is defined as "total income earned by current factors of production" is
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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able 5.3 National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $ 8,200 $ 1,700 $ 2,500 $ 1,900 $ 1,400 Multiple Choice $ 1,400 $ 1,900 $ 1,800 $ 600 $ 1,500 $130 $100 $ 1,600 $500 (Table 5.3) The value of the income aggregate that is defined as "total income earned by current factors of production" is
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