Reference no: EM131003653
Below are some economic data for Utopian (a nation that calculates Gross Domestic Product the same way that the USA does.
Structures = $300 billion
Sales of Used Goods = $200 billion
Personal Consumption Expenditures = $5,000 billion
Consumption of Fixed Capital = $2,000 billion
Gross Private Domestic Investment = $3,000 billion
Exports = $700 billion
Personal Income Taxes = $2,000 billion
Net Private Domestic Investment = $1,000
Social Security Benefits = $700 billion
Imports = $400 billion
Government Consumption Expenditures and Government Gross Investment = $2,500 billion
Government Transfer Payments = $900 billion
Corporate Gross Profits = $500 billion
Corporate Dividends Paid = $200 billion
Indirect Business Taxes = $300 billion
Net Personal interest income (paid to households) = $25 billion
Income earned abroad by Utopian firms and residents = $200 billion
Income earned in Utopian by foreign firms and residents = $120 billion
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