PLEASE, EXPLAIN WHY IS THE ANSWER for question 57 D and why WHY IS THE ANSWER for question 58 C. The table below includes data
PLEASE, EXPLAIN WHY IS THE ANSWER for question 57 D and why WHY IS THE ANSWER for question 58 C.
The table below includes data for a one-year period required to calculate GDP from the expenditure side for a teeny-tiny economy.
Gross investment expenditure | $402.00 |
Wages and salaries | $1741.00 |
Consumption expenditure | $1302.40 |
Interest and investment income | $99.40 |
Business profits | $70.40 |
Depreciation | $199.20 |
Government purchases | $486.80 |
Net exports | $94.00 |
TABLE 20-1
57) Refer to Table 20-1. What is the value of GDP from the expenditure side?
A) $1982.60
B) $1986.00
C) $2010.00
D) $2285.20
E) $2584.40
Answer: D
Follow your formula and you get this right automatically
The table below includes data for a one-year period required to calculate GDP for this economy. All figures are in billions of dollars.
Wages and salaries | 3029 |
GST remittances | 107 |
Exports | 32 |
Gross investment | 537 |
Depreciation | 82 |
Consumption expenditure | 2808 |
Government subsidies to firms | 51 |
Business profit | 423 |
Imports | 35 |
Interest and investment income | 276 |
Government purchases | 524 |
TABLE 20-2
58) Refer to Table 20-2. What is the value of GDP, as calculated from the expenditure side?
A) $3936
B) $3904
C) $3866
D) $3784
E) $3708
Answer: C
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