GDPprob - $5,455 billion. d. $4,880 billion. 2. On the...

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Econ 160 Ch18 GDP Homework Name:_____________________ GDP (national income) accounts for 1990 Expenditures for consumer goods and services $3,650 U.S. exports 670 Government purchases of goods and services 1,100 Social security taxes 400 Net investment 170 Indirect business taxes 440 U.S. imports 710 Gross investment 745 Corporate income taxes 135 Personal income taxes 700 Corporate retained earnings 35 Government transfer payments to households 660 Net interest 0 Net foreign factor income 0 Use the data in the table to determine the value of each of the national-income aggregates requested in the indicated questions. (Data are expressed in billions of dollars per year.) 1. On the basis of the table, gross domestic product is: a. $4,545 billion. b. $5,495 billion. c.
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Unformatted text preview: $5,455 billion. d. $4,880 billion. 2. On the basis of the table, personal saving is: a. $745 billion. b. $180 billion. c. $170 billion. d. $135 billion. 3. On the basis of the table, national income is: a. $5,455 billion. b. $3,650 billion. c. $4,705 billion. d. $4,440 billion. 1 4. On the basis of the table, personal income is: a. $4,530 billion. b. $4,880 billion. c. $4,710 billion. d. None of the above. 5. Disposable income is: a. $2,500 billion. b. $3,250 billion. c. $4,210 billion. d. $3,830 billion. 6. Net domestic product is: a. $5,455 billion. b. $4,880 billion. c. $5,495 billion. d. $3,830 billion. 7. Depreciation is: a. $575 billion. b. $570 billion. c. $915 billion. d. $745 billion. 2...
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GDPprob - $5,455 billion. d. $4,880 billion. 2. On the...

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