Table 53 National Income Accounts (Dollar Figures Are in Billions)

question 65

Multiple Choice

Table 5.3 National Income Accounts (dollar figures are in billions)
$$\begin{array} {| l | r| } \hline \text { Expenditures for consumer poods and services } & \$ 8,200 \\\hline \text { Exports } & \$ 1,700 \\\hline \text { Government purchases of poods and services } & \$ 2,500 \\\hline \text { Docial Security taxes } & \$ 1,900 \\\hline \text { Net irvestment } & \$ 1,400 \\\hline \text { Indirect business taxes } & \$ 1,400 \\\hline \text { Irnoorts } & \$ 1,900 \\\hline \text { Gross irvestment } & \$ 1,800 \\\hline \text { Corporate income taxes } & \$ 600 \\\hline \text { Personal income taxes } & \$ 1,500 \\\hline \text { Corporateretained earnings } & \$ 130 \\\hline \text { Net foreipn factor income } & \$ 100 \\\hline \text { Government transfer payments to households } & \$ 1600 \\\hline \text { Net interest paynnents to households } & \$ 500 \\\hline\end{array}$$
On the basis of Table 5.3,the value of the income aggregate that is defined as "the amount of output we could consume without reducing our stock of capital" (also known as the net domestic product) is

• A)$10,700 billion.
• B)$12,400 billion.
• C)$12,300 billion.
• D)$11,900 billion.

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