Hypothetical data for the U.S. economy in 2018 (in trillions of dollars), and assume that there are no statistical discrepancies or other adjustments.
Hello,
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.
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!