Answer the following MacroEcon Question

Question 1 1 pts Answer the next SIX questions on the basis of the following national income data. All figures are in billions of dollars. Wages and Salaries . . . . . . . . $1300 Personal Income Taxes . 90 Payroll Taxes (e.g. Social Security tax) 85 Income Receipts from Rest of the World 128 Income Payments to Rest of the World 147 Indirect Business Taxes . 50 Corporate Income Taxes . . . 240 Government Transfer Payments. . . . . 522 US Exports. . 78 Undistributed Corporate Profits. . . . . 237 Gov't Purchases of Goods and Services. . . 188 Gross Private Domestic Investment . . . 257 US Imports. . . . . . . . 96 Net Private Domestic Investment . . . 112 Statistical Discrepancy . . . 8 Personal Consumption Expenditure . . 1220 Depreciation . . . 145 GDP is: O $1502 O $1683 O $2169 O $1647 $1792\fD Question 4 1 pts National Income is: O $1433 O $1288 O $1471 O $1469 $1995 D Question 5 1 pts Personal Income is: O $1393 O $1028 O $1211 O $1379 O $1695Question 6 1 pts Disposable Personal Income is: O $938 O $1303 O $1121 $1289 O $1605 Question 7 1pts If the labor force is growing at a rate of 2.3% and labor productivity is growing at a rate of 1.2%, the rate of growth of potential GDP is: O 276% O -11% O 11% O 35% Question 8 1pts Suppose that in 2012 nominal GDP was $1187 Billion and the Price Index was 114.1, and in 2013 nominal GDP was $1268 Billion and the price index was 119.4. The real rate of growth of GDP between 2012 and 2013 was: o 71 O -20% O 48% O 88% 0 21% Question 9 1pts The following table shows the amounts of five different goods that are included in a particular representative basket, their prices in the base year (2010) and their prices in 2015. Good Quantity Price (2010} Price {2015) A 8 52.15 $2.30 B 15 $3.00 5350