Reference no: EM13308598
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.
Compensation of employees $194.2
U.S. exports of goods and services 17.8
Consumption of fixed capital 11.8
Government purchases 59.4
Taxes on productions and imports 14.4
Net private domestic investment 52.1
Transfer payments 13.9
U.S. imports of goods and services 16.5
Personal taxes 40.5
Net foreign factor income 2.2
Personal consumption expenditures 219.1
Statistical discrepancy 0
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