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Question
(amounts in billions of dollars)
Exports 233
Dividends 81
Consumption expenditures 9163
Gross private domestic investment 2163
Business income adjustments net of 106
indirect business taxes and transfers
U.S. net income earned abroad 51
Undistributed corporate profits 148
Personal income taxes 1386
Imports 720
Federal government expenditures 2520
Changes in business inventories 16
Corporate taxes 103
Depreciation 1806
State and local government expenditures 258
Social Security govt. contribution 250
According to the above table, Gross Domestic Product as calculated by the expenditure approach is
A) $14,337 billion.
B) $13,617 billion.
C) $13,384 billion.
D) $13,278 billion.
Answer
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