Table 51 National Income Accounts (Dollar Figures Are in Billions)

question 27

Multiple Choice

Table 5.1 National Income Accounts (dollar figures are in billions)
$\begin{array}{|l|r|}\hline \text { Expenditures for consumer goods and services } & \$ 4,565 \\\hline \text { Exports } & \$ 740 \\\hline \text { Government purchases of goods and services } & \$ 1,465 \\\hline \text { Social Security taxes } & \$ 510 \\\hline\text { Net investment } & \$ 225 \\\hline\text { Indirect business taxes } & \$ 520 \\\hline\text { Imports } & \$ 825 \\\hline \text { Gross investment } & \$ 865 \\\hline \text { Corporate income taxes } & \$ 185 \\\hline \text { Personal incometaxes } & \$ 750 \\\hline \text { Corporateretained earnings } & \$ 45 \\\hline\text { Net foreign factor income } & \$ 20 \\\hline \text { Govermment transfer payments to households } & \$ 690 \\\hline \text { Net interest payments to households } & \$ 0 \\\hline\end{array}$

On the basis of Table 5.1,gross domestic product is

• A)$6,980 billion.
• B)$7,635 billion.
• C)$6,810 billion.
• D)$7,720 billion.

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Definitions:

Delusion

A strongly held belief that is maintained despite being contradicted by reality or rational argument, typically a symptom of psychiatric disorders.

Disturbed Emotion

A state of emotional turmoil or imbalances, often associated with mental health disorders or significant stress.

Neurotransmitter

A chemical substance released at the end of a nerve fiber by the arrival of a nerve impulse, causing the transfer of the impulse to another nerve fiber, a muscle fiber, or some other structure.

Schizophrenic Disorders

A group of severe mental health conditions characterized by disordered thoughts, perceptions, and emotions.