Hypothetical data for the U.S. economy in 2018 (in trillions of dollars), and assume that there are no statistical discrepancies or other adjustments.
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Please explain.
Hypothetical data for the U.S. economy in 2018 (in trillions of dollars), and assume that there are no statistical discrepancies or other adjustments.
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Profits $2.5
Exports $1.7
Indirect business taxes and transfers $0.9
Government transfer payments $1.9
Rent $0.9
Personal income taxes and nontax payments $1.7
Interest $0.9
Imports $1.6
Wages $8.3
Corporate taxes and retained earnings $0.4
Depreciation $1.5
Social security contributions $1.8
Consumption $9.6
Government spending $1.7
Calculate the gross domestic income?
Calculate the GDP?
Thank you!
