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Q4. Follow the instructions below to complete question Go to the following Statistics Canada website areas to obtain the data for this question. GDP, income

Q4. Follow the instructions below to complete question

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 4thQuarter 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 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

xxx

xxx

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