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Answer the Question on the Basis of the Following Data

question 148

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Answer the question on the basis of the following data.All figures are in billions of dollars. Personal Taxes $40 Social Security Contributions15Taxes on Production and Imports 20Corporate Income Taxes 40 Transfer Payments 22 U.S. Exports 24Undistributed Corporate Profits 35Government Purchases 90 Gross Private Domestic Investment 75 U.S. Imports 22Personal Consumption Expenditures 250Consumption of Fixed Capital 25 Net Foreign Factor Income 10Statistical Discrepancy 0\begin{array}{llcc} \text {Personal Taxes } &\$40 \\ \text { Social Security Contributions} &15\\ \text {Taxes on Production and Imports } &20\\ \text {Corporate Income Taxes } &40\\ \text { Transfer Payments } &22\\ \text { U.S. Exports } &24\\ \text {Undistributed Corporate Profits } &35 \\ \text {Government Purchases } &90\\ \text { Gross Private Domestic Investment } &75\\ \text { U.S. Imports } &22\\ \text {Personal Consumption Expenditures } &250\\ \text {Consumption of Fixed Capital } &25\\ \text { Net Foreign Factor Income } &10\\ \text {Statistical Discrepancy } &0\\\end{array}
Refer to the data.DI is:


Definitions:

Actual Costs

The real expenses that a company incurs in producing goods or services.

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual production costs.

Efficiency

The degree to which a process uses resources optimally to achieve a desired outcome.

Standards

Established norms or criteria in various fields that act as a basis for comparison or compliance.

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