The following table contains data for a hypothetical economy: Consumer Expenditures $500 million Wages $650 million Investment
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Question:
The following table contains data for a hypothetical economy:
Consumer Expenditures $500 million
Wages $650 million
Investment Expenditures $200 million
Interest Payments $100 million
Government Expenditures $250 million
Interest Receipts $190 million
Total Exports $100 million
Rent $200 million
Total Imports $150 million
Profits $10 million
According to the expenditure approach, if depreciation is $50million, GDP is _____________ and NDP is ___________.
A. $ 950 million; $ 900 million
B. $ 940 million; $890 million
C. $900 million; $ 850 million
D. $1,200 million; $1,150 million
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