Question
Hi there, i am trying to resolve the following question, but I think the answer in course hero is wrong. It should be $2400 is
Hi there, i am trying to resolve the following question, but I think the answer in course hero is wrong. It should be $2400 is is properly done by the income approach, can you confirm?
Suppose the following data was reported for the economy of Maryhill in 2014.
Other factor incomes
$570
Indirect taxes
230
Depreciation
250
Wages, salaries, and supplementary labour income
1,350
Consumption expenditure
1,400
Government expenditure on goods and services
500
Government transfer payments
50
Net exports
40
Subsidies
0
Statistical discrepancy
0
What was the gross domestic product of Maryhill in 2014?
a.$2,400
b.$1,920
c.$2,150
d.$1,940
e.$2,350
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