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The table below is the data for an economy (3 Marks): ITEM Value ($ millions) Wages & Salaries 1,900 Household Final Consumption 2,500 Consumption of
- The table below is the data for an economy (3 Marks):
ITEM | Value ($ millions) |
Wages & Salaries | 1,900 |
Household Final Consumption | 2,500 |
Consumption of Fixed Capital (Depreciation) | 50 |
Gross Fixed Capital Formation | 800 |
Exports | 180 |
Rent | 100 |
Government Final Consumption | 450 |
Imports | 150 |
Corporation Income | 450 |
Interest & Dividends | 10 |
Net Income from Farm Production | 250 |
Show formula and all work. Calculate the Expenditure-based GDP.
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