Refer to the data for 2019 below to answer the following questions:The Equivalence of Expenditure and Income (in Billions of Dollars)ExpenditureC: Consumer goods and services1: Investment in plants, equipment, andinventoryG: Government goods and servicesX: ExportsM: ImportsGDP: Total value of output%b. Corporate profits?$14,561%3,7443,7542,504Wages and salariesCorporate profitsProprietors' incomeInstructions: Enter your responses as a percentage rounded to one decimal place.What share of U.S. total income in 2019 consisted ofa. Wages and salaries?IncomeRentsInterestTaxes on output and importsDepreciationStatistical discrepancy(3,136)$21,427 = Total value of income$11,4342,0751,6587786451,4943,463(120)$21,427

'Gross Domestic Product' is the term we use for the total value of everything a country makes in a…

Refer to the data for 2019 below to answer the following questions: The Equivalence of Expenditure and Income (in Billions of Dollars) Expenditure C: Consumer goods and services I: Investment in plants, equipment, and inventory G: Government goods and services X: Exports M: Imports GDP: Total value of output % b. Corporate profits? $14,561 % 3,744 3,754 2,504 (3,136) $21,427 Wages and salaries Corporate profits Proprietors' income Instructions: Enter your responses as a percentage rounded to one decimal place. What share of U.S. total income in 2019 consisted of a. Wages and salaries? Income Rents Interest Taxes on output and imports Depreciation Statistical discrepancy Total value of income $11,434 2,075 1,658 778 645 1,494 3,463 (120) $21,427