As is well known, there are three distinct approaches to measuring GDP:

• The production approach,
• The expenditure or final demand approach, and
• The income approach.

Direction: Solve the following using the three approaches. Show your computation five points for each approach.

Ill. Computation Direction: Solve the following using the three approaches. Show your computation five points each approach. Agriculture = 20 M Indirect Tax = 2M Government Income = 9M Personal Expenditures = 22M Business Income = 12 M Export = 10M Business Expenditure = 8M Employment Income = 26 M Depreciation = 2 M Industry = 18M Import = 5M Statistical discrepancy = 1M Services = 4M Income for Entrepreneur = 3M Net Income from Abroad = 6 M Government Expenditure =8 M