Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts.
Government purchases of goods and services 3,200
Consumption 11,500
Compensation of employees 9,100
Business structures and equipment investment 1,500
Residential investment 500
R&D expenditures 200
Corporate profits 1,500
Rent 300
Interest 1,000
Proprietors income 200
Change in business inventories - 100
Taxes on production and imports 2,000
Government transfer payments 1,800
Exports 1,500
Imports 2,000
Depreciation 2,000
Statistical discrepancy 200.
a. Calculate GDP
b. Calculate National Income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Administrators at a university were interested in estimating the percentage of students who are on a vegetarian diet. The university's student body has about 40, 000 members.
Answers (1)
Where did the Havaianas originate?
Answers (1)
What is rust scientifly known as?
Answers (1)
Hahn Corp. has three employees. Each earns $600 per week for a five-day workweek ending on Friday. This month the last day of the month falls on a Wednesday. The company should make an adjusting entry: (Multiple Choice) A.
Answers (1)
Lucy works in an office that has nonterritorial workspaces. this is new to her, and she would like to display good open office etiquette. what should she do?
Answers (1)
New Questions in Business
Watching consumers' actions during the postpurchase evaluation step of the consumer decision-making process led to the development of Chipotle's best-selling product, the Multiple Choice a. fried burrito. b. soft taco. c. taco salad. d.
Answers (1)
On June 1, 2021, Andres Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2021.
Answers (1)
What are some effects of multinational businesses?
Answers (1)
When should you use capitalization? A. For all nouns in a sentence B. At the end of a sentence and in the footer C. At the beginning of a sentence and for proper nouns D. For verbs and nouns in a sentence
Answers (2)
A child in a child passenger restraint system (car seat) should.
Answers (1)