Question
The table below summarizes the income of Paraguay. Category Value (billions of $) 8.3 0.7 21.0 Wages Interest Total business expenditures Total business revenues
The table below summarizes the income of Paraguay. Category Value (billions of $) 8.3 0.7 21.0 Wages Interest Total business expenditures Total business revenues 30.0 Instructions: Round your answers to the nearest dollar. a. Profits = $ b. Calculate the GDP of Paraguay using the income approach. $ billion. billion. c. What would GDP be if you were to use the value-added approach? $ billion. d. What would GDP be if you were to use the expenditure approach? $ billion. GA
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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