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Using the following national income accounting data compute GDP b NDP c NI All figures are in billions Compensation of employees

Using the following national income accounting data, compute
(a) GDP,
(b) NDP,
(c) NI. All figures are in billions.
Compensation of employees ……… $194.2
U.S. exports of goods and services…… 17.8
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 …… 219.1
Statistical discrepancy ……….. 0

May 18 2020 View more View Less

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