不 The table below includes data for a one-year period required to calculate GDP from the income side. What is the value of GDP? Category Investment expenditure Wages and salaries $1,848.93 Consumption expenditure $1,353.31 Subsidies $179.25 Interest and investment income $114.97 EI Business profits $88.02 Depreciation $210.43 Indirect taxes $336.39 Government purchases $542.06 Net exports C OA. $2,598.74 OB. $4,131.30 OC. $4,268.42 OD. $2,777.99 OE. $2,419.49 Dollars $418.97 $105.15

不 The table below includes data for a one-year period required to calculate GDP from the income side. What is the value of GDP? Category Investment expenditure Wages and salaries $1,848.93 Consumption expenditure $1,353.31 Subsidies $179.25 Interest and investment income $114.97 EI Business profits $88.02 Depreciation $210.43 Indirect taxes $336.39 Government purchases $542.06 Net exports C OA. $2,598.74 OB. $4,131.30 OC. $4,268.42 OD. $2,777.99 OE. $2,419.49 Dollars $418.97 $105.15

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

See similar textbooks

Similar questions

What are the two main difficulties that arise in comparing different comparing GDP?
Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100 worth of trees into 150 worth of lumber. It used 100 worth of that lumber to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?
What are the main components of measuring GDP with what is demanded?
Which of the following are included in GDP, and which are not? The cost of hospital stays The rise in life expectancy over time Child care provided by a licensed day care center Child care provided by a grandmother A used car sale A new car sale The greater variety of cheese available in supermarkets The iron that goes into the steel that goes into a refrigerator bought by a consumer.
Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living. The environment becomes dirtier The crime rate declines A greater variety of goods become available to consumers Infant mortality declines
How might you measure a green GDP?