Question
The list below provides some national income figures for country AAA.All figures are in million dollars: Government purchases of goods and services $1,000 Indirect taxes
The list below provides some national income figures for country AAA.All figures are in million dollars:
Government purchases of goods and services$1,000
Indirect taxes175
Personal income taxes200
Wages and employee compensation (including personal income taxes)5,000
subsidies30
Consumption expenditure3900
Exports350
Capital consumption allowance (depreciation)150
Imports390
Investment950
Net interest income200
Business profits before taxes465
Personal saving1,100
a.Calculate the value of GDP using the expenditure approach
b.Calculate the value of GDP using the income approach
c.Calculate the value of net domestic income at factor cost.
d.Suppose that an industry has a total output of 63.8 billion and purchases 49 billion of intermediate inputs. How much is the value added?
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