The figure shows the flows of expenditure and income in an economy. In 2013, U was $4.0 trillion, Vwas $5.5 trillion, W was $6.0 trillion, J was $2.5 trillion, and Z was $0 trillion. Calculate total income, net taxes, and GDP. Total income is $12.5 trillion. Net taxes equal $ 1.0 trillion. GDP is $12.5 trillion. G FACTOR MARKETS HOUSEHOLDS GOVERNMENTS FIRMS FINANCIAL MARKETS GOODS MARKETS REST OF WORLD
