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 NNP is
A. 900
B. 805
C. 750
D. 705
Answer: A
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Which area of risk management seeks to monitor and control potential violations for illegal searches and seizures?
A) workers' compensation B) law enforcement liability C) police auto liability D) sexual harassment
Refer to Table 10.1. Suppose that all of the information given in the Table remains the same except that taxes increase by $1.0 billion and transfers increase by $1.5 billion. Equilibrium real GDP for this economy is equal to
A) $6.25 billion. B) $17 billion. C) $25 billion. D) $47 billion.
Suppose a monopolist's demand curve lies below its average variable cost curve. The firm will:
a. earn an economic profit. b. stay in operation in the short-run. c. shut down. d. earn an economic profit in the long run.
Refer to Figure 84. Average variable costs are minimized at an output level A) of 2. B) of 3. C) of 6. D) that is indeterminate from this information.