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Exhibit 11-6 GDP Data (Billions of Dollars) -In Exhibit 11-6,and Using the Expenditures Approach,gross Domestic Product (GDP)equals

Question 147

Multiple Choice

Exhibit 11-6 GDP data (billions of dollars)
 Personal consumption exgenfitures $850 Interest 90 Corporate profits 150 Government 5pending 400 Depreciation 100 Rental income 70 Grass private dometic investment 120 Compensation of emplayees 830 Exgarts 120 Imparts 70 Indirect business taxes 80 Proprietars’ income 120 Personal income taxes 110 Social Security taxes 50 Transfer payments 160\begin{array} { | l | r | } \hline \text { Personal consumption exgenfitures } & \$ 850 \\\hline \text { Interest } & 90 \\\hline \text { Corporate profits } & 150 \\\hline \text { Government 5pending } & 400 \\\hline \text { Depreciation } & 100 \\\hline \text { Rental income } & 70 \\\hline \text { Grass private dometic investment } & 120 \\\hline \text { Compensation of emplayees } & 830 \\\hline \text { Exgarts } & 120 \\\hline \text { Imparts } & 70 \\\hline \text { Indirect business taxes } & 80 \\\hline \text { Proprietars' income } & 120 \\\hline \text { Personal income taxes } & 110 \\\hline \text { Social Security taxes } & 50 \\\hline \text { Transfer payments } & 160 \\\hline\end{array}
-In Exhibit 11-6,and using the expenditures approach,gross domestic product (GDP) equals:


A) $1,540 billion.
B) $2,460 billion.
C) $2,430 billion.
D) $1,450 billion.
E) $1,420 billion.

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