Question
The table below includes data for a one-year period required to calculate GDP from the expenditure side for a teeny-tiny economy. Gross investment expenditure $402.00
The table below includes data for a one-year period required to calculate GDP from the expenditure side for a teeny-tiny economy.
Gross investment expenditure | $402.00 |
Wages and salaries | $1741.00 |
Consumption expenditure | $1302.40 |
Interest and investment income | $99.40 |
Business profits | $70.40 |
Depreciation | $199.20 |
Government purchases | $486.80 |
Net exports | $94.00 |
TABLE 20-1
Refer to Table 20-1. What is the value of GDP, as calculated from the expenditure table?
Select one:
A.$1986.00
B.$2584.40
C.$2285.20
D.$1982.60
E.$2010.00
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Elementary Statistics
Authors: Mario F. Triola
12th Edition
0321836960, 978-0321836960
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