Question
Recall that there is a third way to get the GDP, which is the income approach. Suppose that labor income in COUNTRY A is $153,
Recall that there is a third way to get the GDP, which is the income approach.
Suppose that labor income in COUNTRY A is $153, and capital income in COUNTRY A is $155. Moreover, tax revenues in COUNTRY A are $185. Calculate the GDP in COUNTRY A.
Ty-ped and correct answer please. I will rate accordingly. My last attempt..
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
