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(Table) According to the Table, Using the Income Approach, National

Question 180

Multiple Choice

(Table) According to the table, using the income approach, national income is equal to:  Category  Billions of  Dollars  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{ \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Category } } & \begin{array} { c } \text { Billions of } \\\text { Dollars }\end{array} \\\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) $1,330 billion.
C) $1,570 billion.
D) $1,070 billion.

Correct Answer:

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