Question
2.From the following figures, calculate GDP using the expenditure approach: Consumption$2,300 billion Depreciation$250 billion Retained earnings$100 billion Gross investment$650 billion Imports$350 billion Social Security taxes$250
2.From the following figures, calculate GDP using theexpenditureapproach:
Consumption$2,300 billion
Depreciation$250 billion
Retained earnings$100 billion
Gross investment$650 billion
Imports$350 billion
Social Security taxes$250 billion
Exports$200 billion
Indirect business taxes$300 billion
Government purchases$700 billion
Personal income taxes$800 billion
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College Accounting Chapters 1-12
Authors: David D Busch, Tracie Nobles
11th Edition
1133710190, 978-1133710196
