chapter 24 homework

chapter 24 homework - GDP = 1079 Minus 25 = 1054 NDP = 1054...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
GDP = 1079 Minus 25 = 1054  NDP = 1054 Minus 40  Plus 5 = 1019  NI = 1019 Minus 245 (taxes on production and imports) Minus 240 (ss contributions) Minus 65 (corporate income taxes) Minus 60 (undistributed corporate profits) = (610) 1019 – 610 = 409  Plus 247  PI = 656 Minus 45  DI = 611 Refer to the above data. Disposable income is: A) $611 billion B) $659 billion C) $667 billion D) $686 billion
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
GDP = 10,446 minus 1393 = 9053 =  Net domestic product = 9053 minus 50 = 9003 plus 10 = 9013 NI = 9013 Refer to the above data. National income is equal to: A) $5,977 billion B) $7,304 billion C) $8,348 billion D) $9,013 billion
Background image of page 2
GDP = Personal consumption expenditures+gross private domestic investment+g’vt purchases+net exports 475 + 300 + 315 + -11 = 1079 Refer to the above data. Gross domestic product is: A) $1,049 billion B) $1,079 billion C) $1,090 billion D) $1,101 billion Refer to the above data. Personal income is: A) $621 billion B) $656 billion
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/10/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Bowling Green.

Page1 / 9

chapter 24 homework - GDP = 1079 Minus 25 = 1054 NDP = 1054...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online