Exhibit 5-10 GDP data (billions of dollars)
Indirect business taxes$ 600
Depreciation950
Change in business inventories50
Compensation of employees5,400
Corporate profits700
Durable goods600
Exports100
Social Security taxes360
Transfer payments300
Fixed investment950
Government spending800
Imports150
Net interest500
Nondurable goods2,000
Personal taxes1,000
Rental income200
Services4,000
In Exhibit 5-10, and using the income approach, GDP equals
A. $8,350 billion.
B. $9,710 billion.
C. $5,400 billion.
D. $8,400 billion.
Answer: D
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