Use the information in the table below to calculate the values for national income accounts A-F. Show all your work.

Item Amoun

Personal taxes…………......………………………………….....................................................................4

Social security contributions……………………………....................................................................15

Indirect business taxes……….....…...............................................................…………………………20

Corporate income taxes…………….....................................………………………………………………...40

Transfer payments.................................…………………………........………………………………………...22

U. S. exports...…………………..........................…………………………................…………………………...24

Undistributed corporate profits (retained earnings)……..................………………….......………...35

Government purchases of goods and services…..........................…………………………….……...90

Gross private domestic investment…………..........................………………………………………............75

U. S. imports…………..........................…………………………..........................……………………………22

Personal consumption expenditures……………….…….............................................................….250

Net private domestic investment…………………............…...........................................................……50

A. GNP (gross national product)

B. NNP (net national product)

C. NI (national income)

D. PI (personal income)

E. DI (disposable income)

F. Personal savings

Answer rating: 100% (QA)

A GNP gross national product GNP GDP Net income inflow from abroad Net income outflow to fo... View the full answer