Answer questions 12 & 13 using selected national income data values below for an economy. All figures are in billions of dollars. Consumption of Fixed Capital Government Purchases US Imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 B. $1,079 billion C. $1,090 billion D. $1,101 billion 247 249 475 5 300 245 60 240 65 40 12. Refer to the above data. Gross domestic product is: A. $1,049 billion 13. Refer to the above data. Net domestic product is: A. $1,039 billion B. $1,044 billion C. $1,054 billion D. $1,076 billion