Question
1. Use the data below to calculate the GDP of this economy using the expenditures and income approach. All figures are in USD billions.
1. Use the data below to calculate the GDP of this economy using the expenditures and income approach. All figures are in USD billions. (3 Marks) Personal consumption expenditures 400 Government purchases 128 Gross private domestic investment 88 Net exports 7 Net foreign factor income earned in the U.S. 0 Consumption of fixed capital 43 Indirect business taxes 50 Compensation of employees 369 Rents 12 Interest Proprietors' income Corporate income taxes Dividends Undistributed corporate profits 15 52 36 24 22
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
