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Assume the below-listed 2018 data for country XYZ. All figures are in the billions. Please use GDP calculation formulas from the class webpage on iCollege

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Assume the below-listed 2018 data for country XYZ. All figures are in the billions. Please use GDP calculation formulas from the class webpage on iCollege - thanks. Personal Consumption Expenditures $400 Personal Taxes 128 Transfer Payments 88 Social Security Contributions 70 Net Foreign Factor Income 0 Consumption of Fixed Capital 43 Taxes on Production and Imports 50 Compensation of Employees 369 Rents 12 Interest 15 Proprietors Income 52 Corporate Income Taxes 36 Dividends Undistributed Corporate Profits Statistical Discrepancy 0 3. Calculate Gross Domestic Product (GDP). B. 680 BILLIONS OD. $779 BILLIONS O A. $623 BILLIONS C. $756 BILLIONS

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