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
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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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
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