Question
Use the following table to answer the questions below: Wages and salaries 6423 Indirect Taxes 613 Exports 954 Net Investment 1425 Gross investment 1850 Consumption
Use the following table to answer the questions below:
Wages and salaries
6423
Indirect Taxes
613
Exports
954
Net Investment
1425
Gross investment
1850
Consumption expenditure
5107
Depreciation
425
Government subsidies to firms
125
Undistributed profits
78
Business/Corporate profits
1256
Imports
982
Mixed Income
652
Government purchases
2315
Calculate the GDP following expenditure method. In your answer you must show the equation and the components of the table you have used for the calculation.
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Statistics For Engineers And Scientists
Authors: William Navidi
3rd Edition
9780073376332
