1. Calculate the GDP by using both Income and Expenditure approaches. (Solution 8,300) Consumption 6,000 Investment 1,500 Depreciation 600 Interest 300 Corporate Profit Exports Compensation of Employees 600 500 6,300 Government Purchases 1,000 Direct Taxes 800 Saving Imports 1.100 700 Rent 500

1. Calculate the GDP by using both Income and Expenditure approaches. (Solution 8,300) Consumption 6,000 Investment 1,500 Depreciation 600 Interest 300 Corporate Profit Exports Compensation of Employees 600 500 6,300 Government Purchases 1,000 Direct Taxes 800 Saving Imports 1.100 700 Rent 500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

15
Assignment for Class participation
Exercises for Practice
1. Calculate the GDP by using both Income and Expenditure approaches. (Solution 8,300)
Consumption
6,000
Investment
1,500
Depreciation
600
Interest
300
Corporate Profit
Exports
Compensation of Employees
600
500
6,300
1,000
Government Purchases
Direct Taxes
800
Saving
Imports
1.100
700
Rent
500
6/7/20

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