What would be the answer? Personal Consumption Expenditures$400Government Purchases128Gross Private Domestic Investment88Net Exports7Net Foreign Factor IncomeConsumption of Fixed Capital43Taxes on Production and Imports50Compensation of Employees369Rents12Interest15Propricors' Income52Corporate Income Taxes36Dividends24Undistributed Corporate Profits22Statistical DiscrepancyRefer to the accompanying natlonal income data for the economy. All figures are in billions of dollars. The national income IsMultiple Cholce$561.$573.$580.$530.

Formula: National income = Personal Consumption Expenditure + Government purchase + Gross Private…

Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports 7 Net Foreign Factor Income Consumption of Fixed Capital 43 Taxes on Production and Imports 50 Compensation of Employees 369 Rents 12 Interest 15 Proprietors' Income 52 Corporate Income Taxes 36 Dividends 24 Undistributed Corporate Profits 22 Statistical Discrepancy Refer to the accompanying national income data for the economy. All figures are in billions of dollars. The national income Is Multiple Choice $561. $573.

Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports 7 Net Foreign Factor Income Consumption of Fixed Capital 43 Taxes on Production and Imports 50 Compensation of Employees 369 Rents 12 Interest 15 Proprietors' Income 52 Corporate Income Taxes 36 Dividends 24 Undistributed Corporate Profits 22 Statistical Discrepancy Refer to the accompanying national income data for the economy. All figures are in billions of dollars. The national income Is Multiple Choice $561. $573.

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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