Study Questions for Chapter 7 - Set 2

Use the following to answer questions 7-11:
Answer the next question(s) on the basis of the following data. All figures are in billions of dollars.
Personal taxes $ 40
Social security contributions 15
Indirect business taxes 20
Corporate income taxes 40
Transfer payments 22
U.S. exports 24
Undistributed corporate profits 35
Government purchases 90
Gross private domestic investment 75
U.S. imports 22
Personal consumption expenditures 250
Consumption of fixed capital 25
Net foreign factor income earned in the U.S. 10
7. Refer to the above data. GDP is:
A) $390.
B) $417.
C) $422.
D) $492.
E) $512.
8. Refer to the above data. NDP is:
A) $370.
B) $402.
C) $392.
D) $467.
9. Refer to the above data. NI is:
A) $364.
B) $372.
C) $447.
D) $362.
10. Refer to the above data. PI is:
A) $294.
B) $346.
C) $408.
D) $437.
11. Refer to the above data. DI is:
A) $284.
B) $329.
C) $254.
D) $402.
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