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From the table below, what is the GDP using the Income and Expenditure Approach? Item Amount (S) Government purchase of goods and services 1.721.6 Exports
From the table below, what is the GDP using the Income and Expenditure Approach?
Item Amount (S) Government purchase of goods and services 1.721.6 Exports 1.096.3 Receipts of factor income from the rest of the world 382.7 Depreciation (consumption of fixed capital) 990.8 Net fixed Investments 688.2 Corporate income taxes 265.2 Consumption expenditures 6.739.4 Indirect business taxes 664.6 Imports 1.475.8 Payments of factor income to the rest of the world 343.7 Inventory change 56.5 Social security contributions 702.7 Undistributed corporate profits (retained earnings) 130.3 Government transfer and interest payments 1.366.3 Personal interest payments 286.2 Personal taxes 1.235.7Step by Step Solution
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