Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars): Item Amount ($) Government purchase of goods and services 1,721.6 Exports
Calculate
(all figures are in billions of dollars):
Item Amount ($)
Government purchase of goods and services 1,721.6
Exports 1,096.3
Receipts of factor income from the rest of the world 382.7
Net fixed Investments 688.2
Corporate income taxes 265.2
Consumption expenditures 6,739.4
Indirect business taxes 664.6
Imports 1,475.8
Payments of factor income to the rest of the world 343.7
Inventory change 56.5
Social security contributions 702.7
Undistributed corporate profits (
Government transfer and interest payments 1,366.3
Personal interest payments 286.2
Personal taxes 1,235.7
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