Answer the question on the basis of the following national income data. All figures are in billions of dollars. Personal Taxes 23 Net Private Domestic Investment 33 Net Exports 6 National Income 278 US Exports 20 Gross Private Domestic Investment 56 Disposable Income 220 Taxes on Production and Imports 32 Undistributed Corporate Profits 15 Proprietor’s Income 45 Net Foreign Factors Income 0 Statistical Discrepancy 0

Refer to the above data. Consumption of fixed capital (private sector) is:

a) $14.
b)  $23.
c) $32.
d) $26.

ANSWER:

b)  $23.