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Component Expenditure (in millions) Transfer payments $20 Capital depreciation $10 Spending by firms on new equipment, factories, and $13 office buildings Exports $10 Imports $20

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Component Expenditure (in millions) Transfer payments $20 Capital depreciation $10 Spending by firms on new equipment, factories, and $13 office buildings Exports $10 Imports $20 Salaries earned by foreigners working in Magnolia $18 Household consumption $87 Spending by households on new houses $15 Government purchases $46 Capital income $30 Salaries earned by Magnolian residents working abroad $21 The value of additions to inventories $10 Net tax $35 The above table gives data for a small country, Magnolia. Using the expenditure method, the data show that Magnolia's GDP (in millions) is $

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