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calculate DGP by using the income and expenditure approach 6. Using the data below, calculate Gross Domestic Product (GDP) by using the income and expenditures

calculate DGP by using the income and expenditure approach

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6. Using the data below, calculate Gross Domestic Product (GDP) by using the income and expenditures approach. Residential investment 50 Income earned by owners of 40 unincorporated businesses Non-residential investment 50 Depreciation 35 Exports 60 Changes in inventories 60 Federal government purchases of 120 computers Net interest 40 Indirect business taxes 30 The purchase of leather by a shoe 80 manufacturer Income paid to the rest of the world 40 Wages and salaries paid to employees 460 Income earned by the stockholders of 65 corporations Rental on land 10 Imports 80 Consumption of durable goods 440 Income received from the rest of the world 70 Transfer payments 50

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