Spending and Income Approach.

In the study of the behavior of a country's production, two approaches are used to determine who buys the production and who receives income from it.

Part A

a. Tabulate the data of the items of Gross Product, Consumption, Investment, Government Expenditures and Net Exports for the years 2011 and 2020 and calculate their exchange rate for the period. Use the values ??of the Gross Product of Puerto Rico at constant prices of 1954 (Table # 3).

b. Make a linear graph with the Private Consumption data for the entire data period 2011-2020 and comment on it.

Part b

The objective of this part of the assignment is to work with the official data of Puerto Rico to apply the Income and Expenditure approach.

Use the values ??that appear in table # 11, # 14 and # 15 to identify the items corresponding to the Gross Product of Puerto Rico 2020.

You should carefully review the tables to identify the values ??of the items.

For reference, the value of production at nominal or current prices was $ 70,189.6 million in 2020.

Expense Approach Amount ($) Income Approach (Book) Amount ($) Consumption Employee Compensation Investment Net Interest Public Purchases Rental Income Net Exports Corporate Profits Owner Login Income at factor cost Indirect Taxes Subsidies Entry at market prices Depreciation Expense Approach $70, 186.9 Income Approach $70, 186.9 + Income Approach Amount ($) Employee Compensation Owner Login Income at factor cost Indirect taxes Subsidies Entry at market prices Depreciation Business transfers Income Approach $70, 186.9