Question
After a careful reading of the chapter, use what you need from the list below to compute GDP from the Expenditures approach. Personal Consumption expenditures.............$700
After a careful reading of the chapter, use what you need from the list below to compute GDP from the Expenditures approach.
Personal Consumption expenditures.............$700
Transfer payments.........................................$15
Consumption of fixed capital...........................$30
Interest............................................................$11
Exports............................................................$16
Government purchases...................................$95
Compensation of employees...........................$225
Imports............................................................$19
Net private domestic investment......................$70
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