Question
The table given below represents data for a hypothetical economy. Use it to answer the questions that follow: Item $m Compensation of employees 26,800 Operating
The table given below represents data for a hypothetical economy. Use it to answer the questions that follow:
Item $m
Compensation of employees 26,800
Operating surplus 17,100
Gross Mixed Income 4,500
Final private consumption expenditure 29,900
Final government consumption expenditure 9,800
Change in stocks 2,000
Consumption of fixed capital 5,000
Indirect taxes 7,350
Private gross fixed capital formation 8,600
Government fixed capital formation 4,800
Subsidies 1,050
Exports 15,800
imports 15,700
a) Calculate the Gross Income at Factor Cost.
b) Calculate the GDP using Income Approach.
c) Calculate the GDP using the Expenditure Approach.
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