Answer the question on the basis of the following data.All figures are in billions of dollars. $\begin{array} { l r } \text { Proprietors' Income } & \$ 20 \\ \text { Compensation of Employees } & 300 \\ \text { Consumption of Fixed Capital } & 15 \\ \text { Gross Investment } & 80 \\ \text { Rents } & 10 \\ \text { Interest } & 20 \\ \text { Exports } & 30 \\ \text { Imports } & 50 \\ \text { Corporate Profits } & 25 \\ \text { Taxes on Production and Imports } & 5 \\ \text { Net Foreign Factor Income } & 0 \\ \text { Statistical Discrepancy } & 0 \end{array}$ Refer to the data.Net domestic product is:

A) $395. B) $380. C) $375. D) $360. A) $395. B) $380. C) $375. D) $360.

Answer the question on the basis of the following data.All figures are in billions of dollars. $\begin{array}{llcc} \text { Gross Private Domestic Investment} & \$46 \\ \text { Exports of the U.S. } &9\\ \text {Disposable Income } &190\\ \text { Personal Saving } &10\\ \text {Government Purchases } &84\\ \text { Net Foreign Factor Income } &10\\ \text { Consumption of Fixed Capital } &52 \\ \text {Dividends } &13\\ \text { Imports of the U.S.} &12\\ \text {Taxes on Production and Imports } &22\\ \text { Personal Taxes} &38\\ \text {Social Security Contributions } &23\\ \text { Statistical Discrepancy} &0 \end{array}$ The economy characterized by the data is:

A) experiencing inflation 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 inflation 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.

Answer the question on the basis of the following data.All figures are in billions of dollars. $\begin{array}{llcc} \text { Gross Private Domestic Investment} & \$46 \\ \text { Exports of the U.S. } &9\\ \text {Disposable Income } &190\\ \text { Personal Saving } &10\\ \text {Government Purchases } &84\\ \text { Net Foreign Factor Income } &10\\ \text { Consumption of Fixed Capital } &52 \\ \text {Dividends } &13\\ \text { Imports of the U.S.} &12\\ \text {Taxes on Production and Imports } &22\\ \text { Personal Taxes} &38\\ \text {Social Security Contributions } &23\\ \text { Statistical Discrepancy} &0 \end{array}$ Refer to the data.Personal income is:

A) $184. B) $221. C) $149. D) $228. A) $184. B) $221. C) $149. D) $228.

Assume an economy that makes only one product and that year 3 is the base year.Output and price data for a five-year period are as follows.Answer the question on the basis of these data. $\begin{array}{c} \begin{array}{c} \\ \underline{\text { Year }} \\ 1 \\ 2 \\ 3 \\ 4 \\ 5 \end{array} \begin{array}{c} \text { Units of}\\ \underline{\text { Output}}\\ 3 \\ 4 \\ 6 \\ 7 \\ 8 \end{array} \begin{array}{c} \text { Price Per } \\ \underline{\text { Unit } }\\ \$ 3 \\ 4 \\ 5 \\ 7 \\ 8 \end{array} \end{array}$ Refer to the data.In determining real GDP,the nominal GDP for:

A) each year must be multiplied by the relevant price index. B) years 1 and 2 must be inflated. C) years 4 and 5 must be inflated. D) years 1 and 2 must be deflated. A) each year must be multiplied by the relevant price index. B) years 1 and 2 must be inflated. C) years 4 and 5 must be inflated. D) years 1 and 2 must be deflated.