dollars Government expenditure on goods and services 250 Compensation of 1,675 employees

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Billions of
Item
dollars
Government expenditure
on goods and services
250
Compensation of
1,675
employees
Gross private domestic
325
investment
Rental income
20
Personal consumption
1,425
expenditures
Net interest
40
Net exports of goods and
100
services
Indirect business taxes
300
and depreciation
The above table shows some (but not all) national income accounting data for a
hypothetical country. According to these data, the value of GDP is
billion.
Transcribed Image Text:Billions of Item dollars Government expenditure on goods and services 250 Compensation of 1,675 employees Gross private domestic 325 investment Rental income 20 Personal consumption 1,425 expenditures Net interest 40 Net exports of goods and 100 services Indirect business taxes 300 and depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion.
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