Taxes on production and undistributed corp personal

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taxes on production and imports 18 18 undistributed corp profits 21 -21 Personal Taxes 26 Corporat income taxes 19 19 Corporate profits 56 56 government purchases 82 82 net private domestic inventment 33 33 428 427 NDP NI Personal consumption 275 275 275 Net foreign income 4 4 Transfer payments 12 Rents 14 Statistical discrepancy 8 -8 consumption of fixed capital 27 0 0 SS security 20 Interest 14 Propietors income 43 Personal Savings 30 NET Exports 11 11 11 Dividents 16 Compensantion of employees 253 taxes on production and imports 18
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undistributed corp profits 21 Personal Taxes 26 Corporat income taxes 19 Corporate profits 56 government purchases 82 82 82 net private domestic inventment 33 33 33 982 401 397
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0 PI DI 275 275 4 4 12 12 -8 -8 0 0 -20 -20 11 11 -18 -18
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-21 -21 -26 -19 -19 82 82 33 33 331 305
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The income approach to GDP combines compensation of employees , proprietors' income , interest , rents , corporate profits , taxes on production and imports , and consumption of fixed capital , less net foreign factor income . These also sum to
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Problem 25.1 - Measuring output and income Problem: Personal consumption expenditures 525 Gross private domestic investment 110 Consumption of fixed capital (depreciation) 31 31 Government purchases 72 Net exports -15 Compensation of employees 462 462 Proprietors' income 59 59 Interest 29 29 Rents 26 26 Corporate profits 75 75 Corporate income taxes 28 Dividends 30 Undistributed corporate profits 17 Net foreign factor income 12 -12 Transfer payments 33
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