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(Table) According to the Table Below, When Using the Expenditure

Question 105

Multiple Choice

(Table) According to the table below, when using the expenditure approach, GDP is:  Category  Billions  Proprietors’ income $300 Capital consumption allowance 440 Federal government purchases of goods and services 200 Compensation of employees 800 Personal consumption expenditures 950 Corporate profits 90 Exports 60 Gross private domestic investment 500 Rental income 30 State and local government purchases of goods and services 150 Net interest 100 Federal government deficit 250 Imports 90\begin{array} { | l | c | } \hline \text { Category } & \text { Billions } \\\hline \text { Proprietors' income } & \$ 300 \\\hline \text { Capital consumption allowance } & 440 \\\hline \text { Federal government purchases of goods and services } & 200 \\\hline \text { Compensation of employees } & 800 \\\hline \text { Personal consumption expenditures } & 950 \\\hline \text { Corporate profits } & 90 \\\hline \text { Exports } & 60 \\\hline \text { Gross private domestic investment } & 500 \\\hline \text { Rental income } & 30 \\\hline \text { State and local government purchases of goods and services } & 150 \\\hline \text { Net interest } & 100 \\\hline \text { Federal government deficit } & 250 \\\hline \text { Imports } & 90 \\\hline\end{array}


A) $1,320 billion.
B) $1,770 billion.
C) $1,330 billion.
D) $2,020 billion.

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