Table 51
National Income Accounts (Dollar Figures Are in Billions) on

question 128

Multiple Choice

$\begin{array}{|l|r|}\hline \text { Expenditures for consumer goods and services } & \$ 4,565 \\\hline \text { Exports } & \$ 740 \\\hline \text { Government purchases of goods and services } & \$ 1,465 \\\hline \text { Social Security taxes } & \$ 510 \\\hline \text { Net investment } & \$ 225 \\\hline \text { Indirect business taxes } & \$ 520 \\\hline \text { Imports } & \$ 825 \\\hline \text { Gross investment } & \$ 865 \\\hline \text { Corporate income taxes } & \$ 185 \\\hline \text { Personal income taxes } & \$ 750 \\\hline \text { Corporate retained earnings } & \$ 45 \\\hline \text { Net foreign factor income } & \$ 20 \\\hline \text { Government transfer payments to households } & \$ 690 \\\hline \text { Net interest payments to households } & \$ 0 \\\hline\end{array}$

Table 5.1
National Income Accounts (dollar figures are in billions) On the basis of Table 5.1,net domestic product is

• A)$6,340 billion.
• B)$6,170 billion.
• C)$6,995 billion.
• D)$7,080 billion.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.