Table 8-1
Item
Amount (billions)
Personal Consumption Expenditures
600
Depreciation
50
Wages
800
Indirect Business Taxes
10
Rental Income
25
Gross Private Domestic Investment
150
Corporate Profits
75
Net Exports
5
Government Purchases of Goods and Services
200
Government Transfer Payments
50
According to the data in Table 8-1, the value of GDP is
A. 800
B. 805
C. 955
D. 1,055
Answer: C
Economics
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