Answer the Question on the Basis of the Following National

question 167

Multiple Choice

Answer the question on the basis of the following national income data for the economy.All figures are in billions of dollars. $\begin{array} { l r } \text { Personal Consumption Expenditures } & \$ 400 \\\text { Government Purchases } & 128 \\\text { Gross Private Domestic Investment } & 88 \\\text { Net Exports } & 7 \\\text { Net Foreign Factor Income } & 0 \\\text { Consumption of Fixed Capital } & 43 \\\text { Taxes on Production and Imports } & 50 \\\text { Compensation of Employees } & 369 \\\text { Rents } & 12 \\\text { Interest } & 15 \\\text { Proprietors' Income } & 52 \\\text { Corporate Income Taxes } & 36 \\\text { Dividends } & 24 \\\text { Undistributed Corporate Profits } & 22 \\\text { Statistical Discrepancy } & 0\end{array}$ The gross domestic product for the above economy is:

• A) $584.
• B) $592.
• C) $609.
• D) $623.

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Definitions:

Liability

A legal responsibility or obligation, often involving financial restitution in the event of causing loss or damage.

Prior To Incorporation

Activities or agreements that occur before the legal establishment of a corporation.

Notice

A formal declaration or statement made to parties regarding a specific legal process or action.

Annual Meeting

A yearly gathering of a company's shareholders or members to discuss its affairs, review financial statements, and elect board members.