Refer to the Accompanying National Income Data (In Billions of

question 127

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Gross Private Domestic Investment } & \$ 1,593 \\\hline \text { Personal Taxes } & 1,113 \\\hline \text { Transfer Payments } & 1,683 \\\hline \text { Taxes on Production and Imports } & 695 \\\hline \text { Corporate Income Taxes } & 213 \\\hline \text { Personal Consumption Expenditures } & 7,304 \\\hline \text { Consumption of Fixed Capital } & 1,393 \\\hline \text { US Exports } & 1,059 \\\hline \text { Dividends } & 434 \\\hline \text { Government Purchases } & 1,973 \\\hline \text { Net Foreign Factor Income } & 10 \\\hline \text { Undistributed Corporate Profits } & 141 \\\hline \text { Social Security Contributions } & 748 \\\hline \text { US Imports } & 1,483 \\\hline \text { Statistical Discrepancy } & 50 \\\hline\end{array}$$ Refer to the accompanying national income data (in billions of dollars) . Net exports are equal to

• A) ?$155 billion.
• B) $288 billion.
• C) ?$424 billion.
• D) $1,483 billion.

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