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Cascadia's National Accounts (2019) ($ billions Proprietors incomes and rents 226 Personal consumption 1, 217 Imports 197 00:54:02 Government purchases 612 Exports 93 Net investment

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Cascadia's National Accounts (2019) ($ billions Proprietors incomes and rents 226 Personal consumption 1, 217 Imports 197 00:54:02 Government purchases 612 Exports 93 Net investment 486 Indirect taxes 235 Depreciation 82 Corporate income 345 Wages and salaries 1, 379 Statistical discrepancy ? a. What is Cascadia's level of gross investment? 568 billion . What is the expenditure-based estimate of Cascadia's GDP? 62211 @ billion c. What is the income-based estimate of GDP? $ 1950 @ billion d. What is Cascadia's GDP? $ billion e. If Cascadia's population is 58 million, then what is its per capita GDP? Round off the answer to the nearest whole number. $ f. If Cascadia's own dollars are each worth US$1.20, then what is Cascadia's per capita GDP in terms of US dollars? Round off the answer to the nearest whole number.The table below shows the national income accounts for a hypothetical economy, Metrica. ($ billions) Corporate income 63 Exports 19 lages and salaries 345 Net international income to the rest of the world 4 Gross investment 104 Government purchases 122 Indirect taxes 46 Personal consumption 326 Imports 18 Depreciation 48 Proprietors' incomes and rents 35 Statistical discrepancy ? a. The income-based estimate of Metrica's GDP is $ | 537 6 billion. b. The expenditure-based estimate of Metrica's GDP is $ 583 billion. c. The value of the statistical discrepancy which is added to the lower estimate and subtracted from the higher estimate to find a single GDP value is $ 46 @ billion. d. Metrica's GDP is $ | 560 @ billion. e. Metrica's capital stock expanded @ by $ 56 billion. f. Metrica's GNI is $ 46 @ billion. This means that income earned by the residents of other countries for their involvement in production in Metrica is greater @ than income earned by residents of Metrica for their involvement in production in the rest of the world

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