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olga55 [171]
3 years ago
14

GDP data (billions of dollars)

Business
1 answer:
Ierofanga [76]3 years ago
5 0

Answer:

d. $6,610 billion.

Explanation:

Gross Domestic Product  = C + I + G + X - M

Gross Domestic Product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Spending + Exports - Imports

Gross Domestic Product = $4,750 + $900 + $1,400 + $810 - $850

Gross Domestic Product = $7,010

Net Domestic Product  = GDP - Depreciation

Net Domestic Product = $7,010 - $450

Net Domestic Product = $6,560

National Income = $6,560

Personal Income = National Income + Transfer Payments - Social Security Taxes - Corporate Profits

Personal Income = $6,560 + $700 - $600 - $50

Personal Income = $6,610 billion

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