Question

$18 National Income 100 Net Exports 2 Personal Income 85 Personal Consumption Expenditures 70 Saving 5 Government Purchases 20 Net Domestic Product 105 Statistical Discrepancy 0 Refer to the accompanying data (all figures in billions of dollars). Consumption of fixed capital is

Answer 1

$5

Step-by-step explanation:

GDP = C + I + G + NE = 70 + 18 + 20 + 2 = $110

NDP = GDP - Consumption of Fixed capital

Consumption of Fixed capital = GDP - NDP

= $110 - $105

= $5