lake Test Test 1- Require xQEcon 101 Midterm Flachc x --) ? Show Timer Question

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lake Test Test 1- Require xQEcon 101 Midterm Flachc x --) ? Show Timer Question Completion Status: Secure l https//blackboard.rtccedu/webapps/a e/launch.jsp ida 14157.1&course; id Expenditures for consumer goods and serviees Exports Government purchases of goods and services $4.565 $740 $1.465 Social Security taxes $510 Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households $690 Net interest payments to households $225 $520 $825 $865 $185 $750 S45 $20 So Click Save and Submit to save and submit. Click Save All Ansuers to save ll answers Search the web and Windows

Explanation / Answer

Solution: $5710

Working:

GDP = ($4,565 + $865 + $1,465 + ($740 - $825) =6810

NDI = $4,565 + $225 + $1,465 + ($740 - $825) = 6170

Personal income = GDP - Dep + Transfer payments - Taxes = 6810 - 640 + (690+20+0) - ( $520 + $510 + $185 + $45) = 5620

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