The table below shows the values for several different components of GDP. Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Consumption of fixed capital (depreciation) Statistical discrepancy Social Security contributions Interest Proprietor's income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving Imports Billions of Dollars $ 265 4 14 14 19 16 12 14 25 14 16 243 10 13 18 11 40 54 25 12 7
Instructions: Enter your answers as whole number. a. What is the value of exports? $ billion b. What is the value of national income? $ billion c. What is the GDP? $ billion d. What is the value of personal income? $ billion
The table below shows the values for several different components of GDP. Category Personal consumption expenditures Net
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The table below shows the values for several different components of GDP. Category Personal consumption expenditures Net
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