The national accounts of Parchment Paradise are kept on (You guessed it) parchment. A fire destroys the statistics. The accounts are now incomplete but they contain the data in the table.

Calculate GDP ( expenditure approach) and depreciation.

GDP (expenditure approach) is $ ______?

Depreciation is ?$________?

Item Dollars GDP (income approach) 3,000 Consumption expenditure 2.100 Indirect taxes less subsidies 100 Net domestic income at factor cost 2.700 Investment 900 Government expenditure 450 Wages 2,100 Net exports - 250