The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. Amount (trillions of dollars) 5.9 Item What is consumption expenditure as a percentage of disposable personal income? >>> Answer to 1 decimal place. Wages Government expenditure 1.8 Interest, rent, and profit Consumption expenditure Investment Net exports 2.2 National income is $ trillion and disposable personal income is $ trillion. 7.0 1.6 -0.3 Disposable personal income is percent of national income. Indirect taxes less subsidies 0.7 Retained profits Transfer payments 1.4 Consumption expenditure is percent of disposable personal income. 1.1 Personal income taxes 1.2 GNP 10.1 Depreciation 1.2

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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The table shows some of the items in an economy's National Income and Product Accounts.
Calculate national income and disposable personal income.
Amount
Item
(trillions of dollars)
What is consumption expenditure as a percentage of disposable personal income?
Wages
Government expenditure
5.9
1.8
>>> Answer to 1 decimal place.
Interest, rent, and profit
Consumption expenditure
2.2
National income is $ trillion and disposable personal income is $ trillion.
7.0
Investment
1.6
Disposable personal income is
percent of national income.
Net exports
- 0.3
Indirect taxes less subsidies
0.7
Retained profits
Transfer payments
1.4
Consumption expenditure is
percent of disposable personal income.
1.1
Personal income taxes
1.2
GNP
10.1
Depreciation
1.2
Enter your answer in each of the answer boxes.
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Transcribed Image Text:The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. Amount Item (trillions of dollars) What is consumption expenditure as a percentage of disposable personal income? Wages Government expenditure 5.9 1.8 >>> Answer to 1 decimal place. Interest, rent, and profit Consumption expenditure 2.2 National income is $ trillion and disposable personal income is $ trillion. 7.0 Investment 1.6 Disposable personal income is percent of national income. Net exports - 0.3 Indirect taxes less subsidies 0.7 Retained profits Transfer payments 1.4 Consumption expenditure is percent of disposable personal income. 1.1 Personal income taxes 1.2 GNP 10.1 Depreciation 1.2 Enter your answer in each of the answer boxes. MacBook Air DII F12 F11 F10 000 000 888 F9 80 F7 F8 F6 F5 F4 F3 esc F2 F1 & # ! 7 8 1 2 3 4 { P T Y Q W E tab J K F G A S caps lock M + I/ %24 D
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