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19% ..MTC - Wear You... 36 6:47 PM elearning.nust.na = Amount (millions of dollars) Item 100 120 Wages paid Consumption expenditure Taxes Transfer payments Profits

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19% ..MTC - Wear You... 36 6:47 PM elearning.nust.na = Amount (millions of dollars) Item 100 120 Wages paid Consumption expenditure Taxes Transfer payments Profits 40 115 35 Investment 30 Government expenditure 50 30 Exports Imports 40 2.1 The table above shows the transaction in Austria last year: (a) Given what you know about the different methods of calculating GDP, which approach would you use to calculate GDP given the information in the table above? (2) (b) Calculate Austria's GDP. Show all your work. (3) Leave a message

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