NATIONAL INCOME ACCOUNTING
Use the data provided below by the
Survey of Current Business, U.S. Department of Commerce, February 1992, to determine the Gross Domestic Product (GDP) for the
Use the Expenditure Approach and the Income
Approach to compute the Gross Domestic Product (GDP) and the
Disposable Personal Income (DPI) in the
You MUST show your work; in your answers provide a list of the items that
you used in computing the GDP and
the DPI.
| Description |
$ Billion
|
|
|
|
|
Social Insurance: employers' contribution - Supplements |
$644.2
|
| Government transfer payments |
653.0
|
|
Consumption expenditures on nondurable goods |
1,252.0
|
| Expenditures on residential constructions |
195.0
|
|
Corporate taxes |
80.8
|
|
Investments in plants and equipment |
551.0
|
|
Government purchases of goods and services |
1,088.0
|
| Net interest |
480.0
|
| Consumption expenditures on services |
2,192.0
|
| Indirect business taxes |
492.2
|
|
Statistical discrepancies |
3.3
|
| Exports |
591.0
|
| Consumption expenditures on durable goods |
445.0
|
| Corporate retained earnings |
110.4
|
| Wages and salaries |
2,743.8
|
| Rental income |
42.0
|
|
Unincorporated income |
380.00
|
|
Personal taxes |
616.0
|
| Corporate dividends |
60.8
|
| Business transfer payments |
12.5
|
| Capital consumption allowances - Capital Depreciation |
623.0
|
|
Imports |
622.0
|
| Changes in business
inventories |
-19.0
|