Personal consumption expenditures-transfer payments

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Reference no: EM13831212

Exhibit 5-5 GDP data (billions of dollars) Personal consumption expenditures $5,207 Interest 425 Corporate profits 735 Government spending 1,406 Depreciation 830 Rental income 146 Gross private domestic investment 1,116 Compensation of employees 4,426 Exports 870 Imports 965 Indirect business taxes 553 Proprietors' income 520 Personal taxes 886 Social Security taxes 432 Transfer payments 376 In Exhibit 5-5, personal income (PI) is:

Answers: a. $7,637 billion. b. $7,082 billion. c. $6,254 billion. d. $6,013 billion. e. $6,495 billion.

Reference no: EM13831212

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