Table 53 National Income Accounts (Dollar Figures Are in Billions) on
Question 102
Question 102
Multiple Choice
Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $8,200$1,700$2,500$1,900$1,400$1,400$1,900$1,800$600$1,500$130$100$1,600$500
Table 5.3 National Income Accounts (dollar figures are in billions) On the basis of Table 5.3,the value of the income aggregate that is defined as "total income earned by current factors of production" (also known as national income) is
A) $10,700 billion. B) $12,300 billion. C) $11,900 billion. D) $12,000 billion.
Correct Answer:
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