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Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.
Category Value
Compensation of employees $225.2
U.S. exports of goods and services 18.8
Consumption of fixed capital 11.8
Government purchases 59.4
Taxes on production and imports 14.4
Net private domestic investment 52.1
Transfer payments 13.9
U.S. imports of goods and services 16.5
Personal taxes 40.5
Net foreign factor income 2.2
Personal consumption expenditures 249.1
Statistical discrepancy 0
Instructions: Round your answers to 1 decimal place.
a. GDP =______
b. NDP=_______
c. NI =_______

Sagot :

Tundexi

Answer:

a. GDP = Personal consumption expenditures +  Net private domestic investment + Government purchases + Consumption of fixed capital + U.S. exports of goods and services - U.S. imports of goods and services

GDP = 249.1 + 52.1 + 59.4 + 11.8 + 18.8 - 16.5

GDP = 374.7

2. NDP = GDP - Consumption of fixed capital

NDP = 374.7 - 11.8

NDP = 362.9

NI = NDP + Net foreign factor income

NI = 362.9 + 2.2

NI = 365.1

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