Exhibit 5-8 GDP data (billions of dollars)
Personal consumption expenditures$850
Interest90
Corporate profits150
Government spending400
Depreciation100
Rental income70
Gross private domestic investment120
Compensation of employees830
Exports120
Imports70
Indirect business taxes80
Proprietors' income120
Personal income taxes110
Social Security taxes50
Transfer payments160
In Exhibit 5-8, personal income (PI) equals:
A. $1,280 billion.
B. $2,290 billion.
C. $1,310 billion.
D. $2,320 billion.
Answer: A
Economics
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