Calculate the GDP using the Expenditure Approach Item Value Consumption Compensation of labor (salaries, wages) Depreciation Net exports Corporate profits Gross private investment Government purchases Net production taxes 200,000 350,000 100,000 225,000 300,000 550,000 125,000 120,000 Hint: For the Expenditure approach, use: GDP= C +I+G+ NX
Calculate the GDP using the Expenditure Approach Item Value Consumption Compensation of labor (salaries, wages) Depreciation Net exports Corporate profits Gross private investment Government purchases Net production taxes 200,000 350,000 100,000 225,000 300,000 550,000 125,000 120,000 Hint: For the Expenditure approach, use: GDP= C +I+G+ NX
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.1P
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