Study the following figures: Compute the GNP using the Income Approach and Expenditure Approach. (In Million Pesos) Personal Consumption Expenditures Compensation of employees and entrepreneurial & property Income of persons Government Income Indirect Taxes Exports of goods and non-factor services Fixed Capital Formation Government Services Imports of goods and non-factor services Subsidies Trade Increase in Stocks Corporate Income Depreciation Allowance General Government Consumption Expenditures Net Factor Income From Abroad P 1,059,000 980,000 31,000 132,500 648,200 232,400 116,000 648,100 3,900 237,000 7,200 16,000 176,000 86,500 20,600

Study the following figures: Compute the GNP using the Income Approach and Expenditure Approach. (In Million Pesos) Personal Consumption Expenditures Compensation of employees and entrepreneurial & property Income of persons Government Income Indirect Taxes Exports of goods and non-factor services Fixed Capital Formation Government Services Imports of goods and non-factor services Subsidies Trade Increase in Stocks Corporate Income Depreciation Allowance General Government Consumption Expenditures Net Factor Income From Abroad P 1,059,000 980,000 31,000 132,500 648,200 232,400 116,000 648,100 3,900 237,000 7,200 16,000 176,000 86,500 20,600

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

ACTIVITY 1
Study the following figures Compute the GNP using the Income Approach and
Expenditure Approach. (In Million Pesos)
1,059,000
Personal Consumption Expenditures
Compensation of employees and entrepreneurial & property
Income of persons
980,000
Government Income
31,000
Indirect Taxes
132,500
Exports of goods and non-factor services
Fixed Capital Fomation
648,200
232,400
Government Services
116,000
Imports of goods and non-factor services
Subsidies
648,100
3,900
Trade
237,000
7,200
Increase in Stocks
16,000
Corporate Income
Depreciation Allowance
General Govemment Consumption Expenditures
Net Factor Income From Abroad
176,000
86,500
20,600

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