Referring to the table below, fill in the missing data for the country of Birchwood.Expenditures Incomes Consumption410Compensation of employees510Gross investment135Gross operating surplus Government spending215Gross mixed income90Net exports110Taxes less subsidies on production50 Indirect taxes (net of subsidies)60Gross domestic product at market prices Gross domestic income at market prices Less depreciation40Less depreciation40Less indirect taxes (net of subsidies)60Less indirect taxes (net of subsidies)60Net domestic product at basic prices Net domestic income at basic prices +/− Net foreign factor income−45+/− Net foreign factor income−45Net national product at basic prices (Net) national income Add transfer payments130 Less undistributed profit30 Less corporate profit tax40 Less other income items30 Personal incomeAnswer

GDP is the market value of all final goods and services produced in an economy during a specific…

Answered: Referring to the table below, fill in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Expenditures		Incomes
Consumption	410	Compensation of employees	510
Gross investment	135	Gross operating surplus
Government spending	215	Gross mixed income	90
Net exports	110	Taxes less subsidies on production	50
		Indirect taxes (net of subsidies)	60
Gross domestic product at market prices		Gross domestic income at market prices

Less depreciation	40	Less depreciation	40
Less indirect taxes (net of subsidies)	60	Less indirect taxes (net of subsidies)	60
Net domestic product at basic prices		Net domestic income at basic prices

+/− Net foreign factor income	−45	+/− Net foreign factor income	−45
Net national product at basic prices		(Net) national income

		Add transfer payments	130
		Less undistributed profit	30
		Less corporate profit tax	40
		Less other income items	30
		Personal income