Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Value Compensation of employees $226.2 U.S. exports of goods and services Consumption of fixed capital 19.8 11.8 Government purchases 59.4 Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services 14.4 52.1 13.9 16.5 Personal taxes 40.5 Net foreign factor income Personal consumption expenditures 2.2 249.1 Statistical discrepancy
Using the following national income accounting data, compute (a) GDP, (b) NDP, and () NI. All figures are in billions. Category Value Compensation of employees $226.2 U.S. exports of goods and services Consumption of fixed capital 19.8 11.8 Government purchases 59.4 Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services 14.4 52.1 13.9 16.5 Personal taxes 40.5 Net foreign factor income Personal consumption expenditures 2.2 249.1 Statistical discrepancy
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 1P
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