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Calculate GDP with the following listed transactions in 2015. (show your work) Income per capita $80 000 Consumer spending $600 000 Taxes $250 000 Transfer
Calculate GDP with the following listed transactions in 2015. (show your work)
- Income per capita $80 000
- Consumer spending $600 000
- Taxes $250 000
- Transfer payments $50 000
- Business spending $250 000
- Profits $200 000
- Government spending $200 000
- Exports $300 000
- Savings $300 000
- Imports $250 000
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