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
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
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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