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1. Using the data below, calculate GDP by using expenditure approach: . Calculate GDP market price $300 270 240 C 210 180 Consumption (C) 150

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1. Using the data below, calculate GDP by using expenditure approach: . Calculate GDP market price

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$300 270 240 C 210 180 Consumption (C) 150 120 90 60 30- 450 0 $30 60 90 120 150 180 210 240 270 300 Income (Y)B Investment ($B) Expanded Rate of Return, r, and Real Interest Rate, I (%) A Investment ($B) Real Domestic Product, GDP ($B)$500 $400 C+lg C D) $300 + C $200 $100 O $100 $200 $300 $400 $500 GDPYear 2019 Item RM (million) Factor income paid abroad 700 Import of goods and services 2500 Depreciation 1000 Export of goods and services 3200 Subsidies 2300 Private Investment 9000 Personal Income tax 450 Social security contribution 900 Change in stock 2000 Transfer payment 1000 Indirect business tax 500 Public Investment 9300 Consumption 3100 Goverment expenditure 5500 Factor income receive from abroad 4500Possible Levels of Domestic Output and Income (GDP = DI) Consumption $320 $320 330 327 340 334 350 341 360 348 370 355 380 362

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