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1.The table below includes data for a one-year period required to calculate GDP for an economy. All figures are in billions of dollars. 2. Wages
1.The table below includes data for a one-year period required to calculate GDP for an economy. All figures are in billions of dollars.
2.
Wages and salaries
3029
GST remittances
107
Exports
32
Gross investment
537
Depreciation
82
Consumption expenditure
2808
Government subsidies to firms
51
Business profit
423
Imports
35
Interest and investment income
276
Government purchases
524
3.
4.What is the value of GDP according to expenditure approach? (5 points)
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