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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

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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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