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Country of Econoland Item Amount (in dollars) 1. Wages and salaries 25,000 2. Interest income 1,000 3. Personal consumption 19,500 4. Personal saving 5,500 5.
Country of Econoland Item Amount (in dollars) 1. Wages and salaries 25,000 2. Interest income 1,000 3. Personal consumption 19,500 4. Personal saving 5,500 5. Personal income taxes 150 6. Business profits 2,325 7. Indirect taxes 875 8. Subsidies 150 9. Government purchases 5,000 10. Exports 1,750 11. Net private investment 4,750 12. Depreciation 750The table to the right gives some national income figures for the country of Econoland. All figures are in dollars. Using the income approach, the value of GDP for Econoland is $|:|. (Round your response to the nearest dollar.)
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