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Using the following data (in millions $), determine GDP by the both expenditure and Income approaches. The answer arrived at by each method should be
Using the following data (in millions $), determine GDP by the both expenditure and Income approaches.
The answer arrived at by each method should be the same.
Government current purchases of goods and services | $60 |
Indirect Taxes (less subsidies) | 35 |
Employees compensation | 210 |
Corporation Profits before taxes | 62 |
Exports | 10 |
Mixed Income | 21 |
Gross Investment | 100 |
Undistributed corporate Profits | 12 |
Depreciation (Capital consumption allowances) | 32 |
Net Investment | 68 |
Imports | 20 |
Households Consumption Expenditures | 210 |
Net Income from Abroad | 0 |
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