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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 U. S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U. S. imports of goods and services Personal taxes Net foreign income Personal consumption expenditures Statistical discrepancy $195.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 219.1 0.0 Instructions: Round your answers to one decimal place. a. GDP $b. NDP - $ c. National Income $ billion billion billion
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Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figur...
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