Answer the next four questions on the basis of the following data. All figures a

Question

Answer the next four questions on the basis of the following data. All figures are in billions $23 Net private domestic investmet Net exports National income. U.S. exports.. Gross private domestic investment Disposable income Indirect business taxes 278 20 Undistributed corporate profits Proprietors income 7.Capital consumption allowance: C. is $14 D. is $32 A. cannot be calculated B. is $23 E. is $26 8. U.S imports: B. are $26 C. are $16 D. are $24 A. cannot be calculated E. are $14 9. Personal consumption expenditures: are $231 C. are $225 D. are $205 A. cannot be calculatedB. E. are $183 10. Personal income: B. is $229 C. is $253 D. is $274 A. cannot be calculated E. is $243

Explanation / Answer

7.

capital consumption allowances = Gross private investment - net private investment

=56-33

=$23

Hence option B is the correct answer.

8.

net export = export - import

6 =20 - import

Import = 20 -6

=14

Hence the correct answer is option E.

9.

Personal consumption expenditure is consumption of the durable goods, non-durable goods, and services but data is not given about this.

Hence the Personal consumption expenditure cannot be calculated.

Hence the correct answer is option A.

  

10.

Personal Income = Disposable income + personal taxes

=220+23

=$243

Hence the correct answer is option E.

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