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Table 52 National Income Accounts (Dollar Figures Are in Billions)

Question 113

Multiple Choice

Table 5.2 National Income Accounts (dollar figures are in billions)
 Expenditures for consumer goods and services $2,850 Exports $300 Government purchases of goods and services $810 Social Security taxes $295 Net investment $510 Indirect business taxes $445 Imports $450 Gross investment $700 Corporate income taxes $190 Personal incometaxes $875 Corporateretained earnings $210 Net foreign factor income $0 Govermment transfer payments to households $780 Net interest payments to households $20\begin{array}{|l|r|}\hline \text { Expenditures for consumer goods and services } & \$ 2,850 \\\hline \text { Exports } & \$ 300\\\hline \text { Government purchases of goods and services } & \$810 \\\hline \text { Social Security taxes } & \$ 295 \\\hline\text { Net investment } & \$510 \\\hline\text { Indirect business taxes } & \$ 445 \\\hline\text { Imports } & \$450 \\\hline \text { Gross investment } & \$700 \\\hline \text { Corporate income taxes } & \$ 190\\\hline \text { Personal incometaxes } & \$ 875 \\\hline \text { Corporateretained earnings } & \$ 210 \\\hline\text { Net foreign factor income } & \$ 0 \\\hline \text { Govermment transfer payments to households } & \$780 \\\hline \text { Net interest payments to households } & \$ 20 \\\hline\end{array}

On the basis of Table 5.2,GDP is


A) $2,090 billion.
B) $4,210 billion.
C) $4,400 billion.
D) $4,020 billion.

Correct Answer:

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