Answered: 7,579) Nondurable goods (67,5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Direction: Solve for GDP using the industrial origin approach. Show your Solutions in its simplest form

GIVEN: at current prices (in million pesos)
Personal consumption expenditure
Durable goods (7,579)
Nondurable goods (67,566)
Personal services (19,830)
Private domestic investment
Residential fixed (5,210)
Business fixed (15,260)
Change in inventories (4,599)
Government consumption & investment purchases (19,810)
Net export
Export (9,820)
Import (13, 480)
Corporate profits before taxes
Corporate profit taxes (3,690)
Dividends (4,250)
Undistributed profits (3,390)
Income of unincorporated enterprises (7,680)
Depreciation (overall) (9,950)
Indirect business taxes, adjustments, & statistical discrepancy (28,150)
Rental income of person (14,695)
Net interest (5,680)
Wages, Salaries, and supplements (98,320)
Agriculture (43,280)
. Fishery and forestry (32,750)
Mining (22,810)
Quarrying (21,235)
Manufacturing (31,090)
Construction (15,888)
Transportation, communication, storage & utilities (62,280)
Commerce (20,579)
Services (23,134)
Trade (38,189)

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