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A. Use the table below to answer the questions. Rental Income $150 Net Exports (X-M) $36 Net Foreign Factor Income $24 Government Purchases (G) $312
A. Use the table below to answer the questions.
Rental Income | $150 |
Net Exports (X-M) | $36 |
Net Foreign Factor Income | $24 |
Government Purchases (G) | $312 |
Household Consumption (C) | $608 |
Transfer Payments | $108 |
Interest Income | $300 |
Depreciation | $72 |
Wages | $134 |
Gross Private Investment (I) | $248 |
Business Profits | $400 |
Indirect Business Taxes | $148 |
1. Calculate the GDP by using the expenditure approach
2. Calculate the GDP by using the income approach
B. Explain how Covid 19 pandemic impacted the GDP and its components in the UAE during the last two years.
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