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Answer the next question on the basis of the following data. All figures are in billions of dollars.
Personal taxes $40
Social security contributions 15
Taxes on production and imports 20
Corporate income taxes 40
Transfer payments 22
U. S. exports 24
Undistributed corporate profits 35
Government purchases 90
Gross private domestic investment 75
U. S. imports 22
Personal consumption expenditures 250
Consumption of fixed capital 25
a. GDP is:
b. NDP is:
c. NI is:
d. PI is:
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Answer the next question on the basis of the following data. All figures are in billions of dollars....
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