Exhibit 11-8 GDP Data (Billions of Dollars) -In Exhibit 11-8,compute National Income (NI)

question 61

Multiple Choice

Exhibit 11-8 GDP data (billions of dollars)
$$\begin{array} { | l | r | } \hline \text { Indirect business taxes } & \$ 600 \\\hline \text { Depreciation } & 950 \\\hline \text { Change in business inventaries } & 50 \\\hline \text { Compensation of employees } & 5,400 \\\hline \text { Corparate profits } & 700 \\\hline \text { Durable goads } & 600 \\\hline \text { Expurts } & 100 \\\hline \text { Social Security taxes } & 360 \\\hline \text { Transfer payments } & 300 \\\hline \text { Fixed investment } & 950 \\\hline \text { Government 5pending } & 900 \\\hline \text { Imparts } & 150 \\\hline \text { Net interest } & 500 \\\hline \text { Nondurable goods } & 2,000 \\\hline \text { Persanal taxes } & 1,000 \\\hline \text { Rental income } & 200 \\\hline \text { Services } & 4,000 \\\hline\end{array}$$
-In Exhibit 11-8,compute national income (NI) .Which of the following is correct?

• A) $7,400 billion.
• B) $7,250 billion.
• C) $8,150 billion.
• D) $8,200 billion.
• E) $8,350 billion.

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Definitions:

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.

EFT Charges

Charges or fees associated with Electronic Funds Transfer, which is the electronic transfer of money from one bank account to another.

Unauthorized Payment

A transaction completed without the approval or consent of the account holder.

Personal ID Number

A unique numerical identifier assigned to an individual to facilitate personal identification and secure access to financial accounts or systems.