The Table Below Includes Data for a One-Year Period Required

question 71

Multiple Choice

The table below includes data for a one-year period required to calculate GDP for this economy.All figures are in billions of dollars. TABLE 20-2 Refer to Table 20-2.What is the value of GDP (in billions of dollars) ,as calculated from the income side?

• A)$3866
• B)$3590
• C)$3968
• D)$3784
• E)$3708

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Definitions:

Federal Depository Banks

Banks that are authorized to hold deposits for the Federal Reserve System, facilitating the federal government's cash management and payments.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on employers in order to fund state workforce agencies and unemployment insurance.

Federal Depository Bank

A Federal Depository Bank is a financial institution authorized by the federal government to hold and manage the funds of the U.S. Treasury and other government entities.

Overdue Account Payable

An obligation owed by a company to a supplier for which payment has not been made within the agreed upon timeframe.