Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category - ValueCompensation of employees - $194.2U. S. exports of goods and services - 17.8Consumption of fixed capital - 11.8Government purchases - 59.4Taxes on production and imports - 14.4Net private domestic investment - 52.1Transfer payments - 13.9U. S. imports of goods and services - 16.5Personal taxes - 40.5Net foreign income - 2.2Personal consumption expenditures - 219.1Statistical discrepancy - 0Instructions: Round your answers to one decimal place.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category - ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The leader must believe that workers should be treated as honorable individuals, justly rewarded, encouraged in their own progress, fully informed, and properly assigned, and that their lives and work must be given meaning and dignity on and off the
Answers (1)
A newspaper article recently stated that there are 45.06 million people over the age of 16 who have completed college education. Of this number, 36.21 million are in the labor force and 35.44 million are employed.
Answers (1)
As of December 31, $2,500 of interest expense has accrued on a $50,000 note payable. The note payable and the accrued interest will become due and payable next year. How will the interest affect the adjustments at the end of the period? a.
Answers (1)
The document a caterer uses to stipulate the terms, conditions, and contents of the services he or she will provide each client is called the a. menu. b. client agreement. c. brochure. d. press release.
Answers (1)
In a trust, an estate, or other property or money, is given to a person or institution to manage. True False
Answers (1)
New Questions in Business
Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?
Answers (2)
Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.
Answers (1)
The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital
Answers (1)
The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.
Answers (1)
Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan offers no payments for the first 11 months, how many payments will Colton be required to make?
Answers (1)