Go to the following Statistics Canada website areas to obtain the data for this question.

GDP, income based: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010301

For the GDP by income data, use the reference period as Qtr4 of last year, and set the Seasonal adjustment: at "Seasonally adjusted at annual rates." Click apply to view the data. There is a button to Download the data if you require.

GDP, expenditure based: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010401&pickMembers%5B0%5D=2.2&pickMembers%5B1%5D=3.1&cubeTimeFrame.startMonth=07&cubeTimeFrame.startYear=2022&cubeTimeFrame.endMonth=07&cubeTimeFrame.endYear=2022&referencePeriods=20220701%2C20220701

Set the GDP expenditure to search for the 4th Quarter data from last year (example Q4/2021). Set Prices: to "Current prices," and set Seasonal adjustment: to "Seasonally adjusted at annual rates." Click apply to view the data. There is a button to Download the data if you require.

The data below in Column A shows items from Canada's national accounts in Qtr4 of 202x. The values are in x$1,000,000.

Use the expenditure approach to calculate the value of the GDP in column B.

Use the income approach to calculate the value of the GDP in column C.

Explain in your own words the reason why the aggregate GDP income equals the aggregate GDP expenditure.

GDP Category	(A) Qtr4-202x Values	(B) GDP from Expenditure Approach	(C) GDP from Income Approach
Consumer consumption expenditure	1,385
Government consumption and expenditure	659
Rent and interest	347
Investments by businesses	535
Corporate profit	992
Net exports	325
Wages	1,422
Indirect taxes less subsidies	312
Depreciation	444
Total