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Consider the following table showing the breakdown of GDP (in billions) for China. COUNTRY A: (billions) Wages and Salaries 1000 Consumption 1700 Investment 700 Depreciation
Consider the following table showing the breakdown of GDP (in billions) for China.
COUNTRY A: (billions)
Wages and Salaries
1000
Consumption
1700
Investment
700
Depreciation
50
Government Expenditure
-100
Taxes
300
Exports
50
Imports
40
Income receipts from rest of the world
10
Income payment to rest of the world
50
I think the net exports would be 10, right? So what of all of this goes into the GDP?
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