Refer to the table shown. What is the value of GDP using the expenditure approach? $4,785 350 235 250 Consumption expenditures Federal govemment purchases of goods and services State and local govemment's purchases Fixed Investment Proprietors income Corporate profits Inventory Investment Exports Imports Social Security payments Personal taxes Unemployment benefits 150 134 50 425 320 650 45 115 $6,540 $5,775 $5,450 O $4,785

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Refer to the table shown.
What is the value of GDP using the expenditure approach?
$4,785
Consumption expenditures
Federal govemment purchases of goods and services
State and local govemment's purchases
Fixed Investment
Proprietors income
Corporate profits
Inventory Investment
Exports
Imports
Social Security payments
Personal taxes
Unemployment benefits
350
235
250
150
134
50
425
320
650
45
115
$6,540
$5,775
$5,450
$4,785
Transcribed Image Text:Refer to the table shown. What is the value of GDP using the expenditure approach? $4,785 Consumption expenditures Federal govemment purchases of goods and services State and local govemment's purchases Fixed Investment Proprietors income Corporate profits Inventory Investment Exports Imports Social Security payments Personal taxes Unemployment benefits 350 235 250 150 134 50 425 320 650 45 115 $6,540 $5,775 $5,450 $4,785
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