1.The table lists some macroeconomic data for a country in 2015. Calculate the country's GDP in 2015...
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Question:
1.The table lists some macroeconomic data for a country in 2015. Calculate the country's GDP in 2015 using expenditure side approach.Briefly explain and show your calculation.
Item
Billions of dollars
Wages paid to labour
539
Consumption expenditure
627
Gross income at factor cost
1,010
Investment
275
Government expenditure
251
Net exports
Gross operating surplus
21 374
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