Question

Gross Private Domestic Investment $1,593

Personal Taxes 1,113
Transfer Payments 1,683
Taxes on Production and Imports 695
Corporate Income Taxes 218
Personal Consumption Expenditures 7,304
Consumption of Fixed Capital 1,393
US Exports 1,059
Dividends 434
Government Purchases 1,973
Net Foreign Factor Income 10
Undistributed Corporate Profits 141
Social Security Contributions 748
US Imports 1,483
Statistical Discrepancy 50


Refer to the accompanying national income data (in billions of dollars). Corporate profits are equal to
Multiple Choice
$793.
$702.
$575.
$444.

Answer 1

Answer: $793 billion

Step-by-step explanation:

Following the information provided in the question, the corporate profit will be calculated as:

Undistributed corporate profits = 141

Add: Dividend = 434

Add: Corporate income taxes = 218

Corporate profit = $793

Therefore, the corporate profit is $793 billion