The list below provides some national income figures for the country of Econoland. All figures are in

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The list below provides some national income figures for the country of Econoland. All figures are in millions of dollars.

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a. Using the expenditure approach, what is the value of GDP for Econoland?

b. Using the income approach, what is the value of GDP?

c. What is the value of net domestic income at factor cost?

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Macroeconomics

ISBN: 9780133910445

15th Edition

Authors: Christopher T S Ragan

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Question Posted: Mar 14, 2024 12:01 PM

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The list below provides some national income figures for the country of Econoland. All figures are in

Question:

Wages and salaries 5000 Interest income 200 Personal consumption 3900 Personal saving 1100 Personal income taxes 200 Business profits 465 Indirect taxes 175 Subsidies 30 Government purchases 1000 Exports 350 Imports 390 Net private investment 9.50 Depreciation 150

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Macroeconomics

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