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Question #2 (10 Marks) Use the information below to answer the following questions. Calculate your answers to 2 decimal places. ITEM Value Value 2019 2020

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Question #2 (10 Marks) Use the information below to answer the following questions. Calculate your answers to 2 decimal places. ITEM Value Value 2019 2020 (billions) (billions) Profits of corporations and government enterprises before $46 45 taxes Exports 52 61 Capital consumption allowances (depreciation) 65 70 Government current purchases of goods and services 126 140 Net income of farms and unincorporated business 24 25 Taxes less subsidies on factors of production 75 70 Wages, salaries, and supplementary labour income 371 358 Gross Investment 105 107 Imports 12 15 Interest and investment income 59 60 Personal consumption and expenditures 285 305 Indirect taxes less subsidies 15 18 A. Calculate GDP for 2019 and 2020 using the expenditure method. Please label your numbers and put them in the same order as the GDP equation. GDP - Expenditure Approach Value Value 2019 2020 (billions) (billions) Total 00 DII DD F4 F5 F6 F7 F8 F9

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