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Enable Aralvirus Froteetion 12146501047664514924475/8-158N-9781337912457&ir challensymbol.org PHS 111-WO... O Youtube 9 Maps M Gmail BILL SAM - ImPichASS. CENGAGE MINDTAP Q. Search nework (CH 08) Attempts: Keep the Highest: /4 10. Comparing the expenditure and value-added approaches for calculatingGDP The expenditure and value-added approaches to calculating GDP arrive at the same final number, but they reach that number in different ways. To Ilustrote, consider the possible effects of the following set of transactions on GDP: 1. Kevin pays Better Buy $1,100 for a new high-definition television (HDTV) and its Installation. He's attracted by Better Buy's guarantee that he'll be happy with the new HDTV or get his money back. 2. Better Buy pays Firedog $750 to install the HDTV. 3. Firedog buys hardware worth $100 from The Home Station. Compute the contribution to GDP of this set of transactions, using the expenditure approach, Le, by assuming expenditures of Buyers of final goods and services. Assume that The Home Station receives the hardware at no charge and that other costs are zero. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Firedog spends $100. Kevin spends $1,100. ) Better Buy spends $750. The total contribution of these transactions to GDP, as measured by the expenditure approach, is PUTONA W P