Use the table given below to calculate GDP using the expenditure approach: Personal Consumption Spending $850 Interest $ 90 Corporate Profit $150 Government Purchases $400 Depreciation $100 Rent $ 70 Gross Private Domestic Investment $120 Compensation of Employees $830 Exports $120 Imports $ 70 Indirect Business Taxes $ 80 Proprietors’ Income $120 Personal Income Tax $110 Income Earned but Not Received $140 Income Received but Not Earned $160 Receipt of Factor Incomes from the Rest of the World $ 50 Receipt of Factor Incomes to the Rest of the World $ 30 Question 41 options: a) $1260 b) $2460 c) $1540 d) $1420
Use the table given below to calculate GDP using the expenditure approach: Personal Consumption Spending $850 Interest $ 90 Corporate Profit $150 Government Purchases $400 Depreciation $100 Rent $ 70 Gross Private Domestic Investment $120 Compensation of Employees $830 Exports $120 Imports $ 70 Indirect Business Taxes $ 80 Proprietors’ Income $120 Personal Income Tax $110 Income Earned but Not Received $140 Income Received but Not Earned $160 Receipt of Factor Incomes from the Rest of the World $ 50 Receipt of Factor Incomes to the Rest of the World $ 30 Question 41 options: a) $1260 b) $2460 c) $1540 d) $1420
Chapter7: Types And Costs Of Financial Capital
Section: Chapter Questions
Problem 2aM
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Question 41
Use the table given below to calculate GDP using the expenditure approach:
Personal Consumption Spending | $850 |
Interest | $ 90 |
Corporate Profit | $150 |
Government Purchases | $400 |
$100 | |
Rent | $ 70 |
Gross Private Domestic Investment | $120 |
Compensation of Employees | $830 |
Exports | $120 |
Imports | $ 70 |
Indirect Business Taxes | $ 80 |
Proprietors’ Income | $120 |
Personal Income Tax | $110 |
Income Earned but Not Received | $140 |
Income Received but Not Earned | $160 |
Receipt of Factor Incomes from the Rest of the World | $ 50 |
Receipt of Factor Incomes to the Rest of the World | $ 30 |
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