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Related to the Economics in Practice: Where Does eBay Get Counted? In a simple economy. suppose that all income is either compensation of employees or
Related to the Economics in Practice: Where Does eBay Get Counted? In a simple economy. suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. All data are in billions of dollars. Category Value Consumption 59.50000 Gross investment 2.80030 Depreciation 1.522. 30 Profits 2.28225 Exports 850.30 Compensation of employees 11.41 t .25 Government purchases 3.000.330 Direct taxes 1.150. 30 Saving 3.043.330 Imports 935.30 Using the gpenditure approach, (303 is S 15.215.00' billion. (Round your response to two decimaiplaces.) Using the income approach. GDP is $|:| billion. {Round your response to two deoimatptaces.)
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