Question: ---------------------------- Study Questions and Problems (Ch 05) National Income Data Amount Spending Category ( Billions of dollars) Corporate profits 305 Depreciation 479 Gross private domestic

----------------------------

---------------------------- Study Questions and Problems (Ch 05) National Income Data Amount Spending

Study Questions and Problems (Ch 05) National Income Data Amount Spending Category ( Billions of dollars) Corporate profits 305 Depreciation 479 Gross private domestic investment 716 Personal taxes 565 Personal saving 120 Government spending 924 Imports 547 Net interest 337 Compensation of employees 2,648 Rental income 19 Exports 427 Personal consumption expenditures 2,966 Indirect business taxes 370 Contributions for Social Security (FICA) 422 Transfer payments and other income 970 Proprietors' income 328 Based on the data table, personal income is equal to billion. Based on the data table, disposable personal income (DI) is equal to billion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!