15. The accompanying chart presents 2010 data from the nationalincome accounts of the United States. a. Indicate

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15. The accompanying chart presents 2010 data from the nationalincome accounts of the United States.

a. Indicate the various components of GDP when it is derived by the expenditure approach. Calculate GDP using the expenditure approach.

b. Indicate the various components of GDP when it is derived by the resource cost–income approach. Calculate GDP using the resource cost–income approach. 16. * Fill in the blanks in the following table:

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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