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Use the national income accounting information below to solve the following problems. You will not need all of the information presented to answer the
Use the national income accounting information below to solve the following problems. You will not need all of the information presented to answer the questions. Show Work. Wages and salaries (employee compensation) Consumption Corporate profits Depreciation Exports. Government purchases of goods and services Government transfer payments Gross private domestic investment Imports Income earned but not received by households Income received but not earned by households Indirect Business Taxes Interest Proprietors income Rent Personal taxes Personal saving (a) According to the expenditure approach GDP is equal to: 6000 5000 500 500 800 2000 1500 1200 900 800 600 0 300 400 200 1600 600 (b) According to the income approach national income is equal to:
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