EBK EXPLORING MACROECONOMICS
7th Edition
ISBN: 9780100546400
Author: Sexton
Publisher: YUZU
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Question
Chapter 11, Problem 6P
To determine
To compute:
The missing data of the given table.
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Students have asked these similar questions
Use the table to find GDI, GDP, gross private domestic investment, personal income, and
personal disposable income. (All amounts in trillions of dollars.)
Profit
Indirect business taxes
2.8
.8
Rent
.7
Interest
Wages
.8
8.2
Depreciation
Consumption
Government spending
1.3
11.0
1.8
Imports
1.7
Social Security contributions
2.0
Exports
1.5
Government transfer payments
2.0
Personal income taxes and nontax
1.7
payments
Corporate taxes and retained
.5
earnings
GDI =
14.6
GDP =
14.6
'
,
gross private domestic investment =
2,
personal income =
12, personal disposable income=
10.3
Fill in numbers only; one decimal place; e.g. 10.0
Use the table to find GDI, GDP, gross private domestic investment,
personal income, and personal disposable income. (All amounts in
trillions of dollars.)
Profit
Indirect business taxes
Rent
Interest
Wages
Depreciation
Consumption
Government spending
Imports
Social Security contributions
Exports
Government transfer payments
Personal income taxes and nontax
payments
Corporate taxes and retained
earnings
2.8
.8
.7
.8
8.2
1.3
11.0
1.8
1.7
2.0
1.5
2.0
1.7
.5
Please discuss what formula you are using to get each one of the
answers.
Given the following information, calculate personal consumption expenditures.
GDP
$5,000
Gross Private Domestic Investment
$1,500
Government Consumption Expenditures and Gross Investment
$1,000
Net Exports
-$500
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