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chapter 24 homework

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

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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

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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
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

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C) \$705 billion
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chapter 24 homework - GDP = 1079 Minus 25 = 1054 NDP = 1054...

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