\[\begin{array} { | l | r | } \hline \text { Gross Investment } & \$ 18 \\ \hline \text { National Income } & 100 \\ \hline \text { Net Exports } & 2 \\ \hline \text { Personal Income } & 85 \\ \hline \text { Personal Consumption Expenditures } & 70 \\ \hline \text { Saving } & 5 \\ \hline \text { Government Purchases } & 20 \\ \hline \text { Net Domestic Product } & 105 \\ \hline \text { Statistical Discrepancy } & 0 \\ \hline \end{array}\] Refer to the accompanying data (all ?gures in billions of dollars). From this information we can conclude that the net foreign factor income is

A) negative $5 billion. B) zero. C) positive $5 billion. D) positive $15 billion. A) negative $5 billion. B) zero. C) positive $5 billion. D) positive $15 billion.

\[\begin{array} { | l | r | } \hline \text { Gross Private Domestic Investment } & \$ 46 \\ \hline \text { Exports of the U.S. } & 9 \\ \hline \text { Disposable Income } & 190 \\ \hline \text { Personal Saving } & 10 \\ \hline \text { Government Purchases } & 84 \\ \hline \text { Net Foreign Factor Income } & 10 \\ \hline \text { Consumption of Fixed Capital } & 52 \\ \hline \text { Dividends } & 13 \\ \hline \text { Imports of the U.S. } & 12 \\ \hline \text { Taxes on Production and Imports } & 22 \\ \hline \text { Personal Taxes } & 38 \\ \hline \text { Social Security Contributions } & 23 \\ \hline \text { Statistical Discrepancy } & 0 \\ \hline \end{array}\] Refer to the accompanying data. All ?gures are in billions of dollars. The economy characterized by the data is

A) experiencing in?ation because disposable income exceeds personal income. B) experiencing declining production capacity because net investment is negative. C) in a depression because personal income exceeds disposable income. D) experiencing expanding production capacity because net private domestic investment is positive. A) experiencing in?ation because disposable income exceeds personal income. B) experiencing declining production capacity because net investment is negative. C) in a depression because personal income exceeds disposable income. D) experiencing expanding production capacity because net private domestic investment is positive.

A) overstate economic welfare because it does not include certain nonmarket activities such as the productive work of housewives. B) understate economic welfare because it includes expenditures undertaken to offset or correct pollution. C) understate economic welfare because it does not take into account increases in leisure. D) overstate economic welfare because it does not reﬂect improvements in product quality. A) overstate economic welfare because it does not include certain nonmarket activities such as the productive work of housewives. B) understate economic welfare because it includes expenditures undertaken to offset or correct pollution. C) understate economic welfare because it does not take into account increases in leisure. D) overstate economic welfare because it does not reﬂect improvements in product quality.

\[\begin{array} { | l | c | } \hline \text { Personal Consumption Expenditures } & \$ 4,500 \\ \hline \text { Consumption of Fixed Capital } & 150 \\ \hline \text { Gross Private Domestic Investment } & 800 \\ \hline \text { Government Purchases } & 950 \\ \hline \text { Exports } & 65 \\ \hline \text { Imports } & 85 \\ \hline \end{array}\] Refer to the accompanying data about a hypothetical economy (in billions of dollars). GDP in this economy is

A) $6,080 billion. B) $6,230 billion. C) $6,380 billion. D) $6,400 billion. A) $6,080 billion. B) $6,230 billion. C) $6,380 billion. D) $6,400 billion.