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Refer to the Following Table When Answering
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Refer to the following table when answering
Table 2.2: U.S. 2011-2012 Domestic Income ($ billions)
20112012 Compensation of employees, paid 8,3038,600 Wage and salary accruals 6,6696,914 Supplements to wages and salaries 1,6341,687 Taxes on production and imports 1,0981,130 Subsidies 6261 Net operating surplus 3,7683,963 Private enterprises 3,7943,997 Current surplus of government enterprises 2734 Depreciati on of fixed capital 1,9372,012 Private 1,5871,648 Government 349364\begin{array} { l | r r } & { 2011 } & 2012 \\\hline \text { Compensation of employees, paid } & 8,303 & 8,600 \\\text { Wage and salary accruals } & 6,669 & 6,914 \\\text { Supplements to wages and salaries } & 1,634 & 1,687 \\\text { Taxes on production and imports } & 1,098 & 1,130 \\\text { Subsidies } & 62 & 61 \\\text { Net operating surplus } & 3,768 & 3,963 \\\text { Private enterprises } & 3,794 & 3,997 \\\text { Current surplus of government enterprises } & - 27 & - 34 \\\text { Depreciati on of fixed capital } & 1,937 & 2,012 \\\text { Private } & 1,587 & 1,648 \\\text { Government } & 349 & 364 \\\hline\end{array}
-Consider Table 2.2, National Income Accounts for 2011 and 2012. From this data, total GDP in 2012 was about ________ billion.


Definitions:

Conditional Equation

An equation that is true for certain values of its variables, often used in algebra to describe a relationship subject to specific conditions.

Identity Equation

An equation that is true for all values of the variable, typically used to express fundamental algebraic properties.

Solve

The process of finding an answer or solution, especially in mathematics by determining the value of variables.

Possible

That which can be done or achieved, within the realm of reality or probability.

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