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The list below provides some national income figures for the country of Econoland. All figures are in millions of dollars. (9 marks) Wages and
The list below provides some national income figures for the country of Econoland. All figures are in millions of dollars. (9 marks) Wages and salaries Interest income Personal consumption Personal saving Personal income taxes Business profits 6500 300 5000 1300 300 600 Indirect taxes 200 Subsidies 50 Government purehases Exports Imports Net private investment Depreciation 1500 400 450 1100 200 a. Using the expenditure approach, what is the value of GDP for Econoland? b. Using the income approach, what is the value of GDP? For Econoland? c. What is the value of net domestic income at factor cost?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
