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Table 51 National Income Accounts (Dollar Figures Are in Billions)

Question 117

Multiple Choice

Table 5.1 National Income Accounts (dollar figures are in billions)
 Expenditures for consumer goods and services $4,565 Exports $740 Government purchases of goods and services $1,465 Social Security taxes $510 Net investment $225 Indirect business taxes $520 Imports $825 Gross investment $865 Corporate income taxes $185 Personal incometaxes $750 Corporateretained earnings $45 Net foreign factor income $20 Govermment transfer payments to households $690 Net interest payments to households $0\begin{array}{|l|r|}\hline \text { Expenditures for consumer goods and services } & \$ 4,565 \\\hline \text { Exports } & \$ 740 \\\hline \text { Government purchases of goods and services } & \$ 1,465 \\\hline \text { Social Security taxes } & \$ 510 \\\hline\text { Net investment } & \$ 225 \\\hline\text { Indirect business taxes } & \$ 520 \\\hline\text { Imports } & \$ 825 \\\hline \text { Gross investment } & \$ 865 \\\hline \text { Corporate income taxes } & \$ 185 \\\hline \text { Personal incometaxes } & \$ 750 \\\hline \text { Corporateretained earnings } & \$ 45 \\\hline\text { Net foreign factor income } & \$ 20 \\\hline \text { Govermment transfer payments to households } & \$ 690 \\\hline \text { Net interest payments to households } & \$ 0 \\\hline\end{array}


On the basis of Table 5.1,personal saving is


A) $1,215 billion.
B) $305 billion.
C) $205 billion.
D) $1,130 billion.

Correct Answer:

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