The table below shows the values for several different components of GDP. Category Billions of Dollars
Personal consumption expenditures $ 265
Net foreign factor income 4
Transfer payments 14
Rents 14
Consumption of fixed capital (depreciation) 19
Statistical discrepancy 16
Social Security contributions 12
Interest 14
Proprietor's income 25
Net exports 14 Dividends 16
Compensation of employees 243
Taxes on production and imports 10
Undistributed corporate profits 13
Personal taxes 18 Corporate income taxes 11
Corporate profits 40
Government purchases 54
Net private domestic investment 25
Personal saving 12
Imports 7
Instructions: Enter your answers as whole number. a. What is the value of exports? $ billion b. What is the value of national income? $ billion c. What is the GDP? $ billion d. What is the value of personal income? $ billion