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Use the following data. Using the expenditures approach, which of the following is the correct calculation for GDP? Federal government purchases of goods and services Exports Corporate profits 840 C 1050 O 1005 Gross private domestic investment 155 Proprietors' income Net interest State and local government purchases of goods and services Rental income Personal consumption expenditures Depreciation Imports Compensation of employees 120 410 88588 60 80 80 40 120 20 650 110 55 620 ㅊ

Use the following data. Using the expenditures approach, which of the following is the correct calculation for GDP? Federal government purchases of goods and services Exports Corporate profits 840 C 1050 O 1005 Gross private domestic investment 155 Proprietors' income Net interest State and local government purchases of goods and services Rental income Personal consumption expenditures Depreciation Imports Compensation of employees 120 410 88588 60 80 80 40 120 20 650 110 55 620 ㅊ

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Use the following data. Using the expenditures approach, which of the following is the correct calculation for GDP? Federal government purchases of 120 goods and services Exports Corporate profits 840 1050 Gross private domestic investment 155 Proprietors' income 80 Net interest 40 State and local government purchases of goods and services Rental income Personal consumption expenditures Depreciation Imports Compensation of employees 1005 88 410 60 80 120 20 650 110 55 620 ㅊ
Transcribed Image Text:Use the following data. Using the expenditures approach, which of the following is the correct calculation for GDP? Federal government purchases of 120 goods and services Exports Corporate profits 840 1050 Gross private domestic investment 155 Proprietors' income 80 Net interest 40 State and local government purchases of goods and services Rental income Personal consumption expenditures Depreciation Imports Compensation of employees 1005 88 410 60 80 120 20 650 110 55 620 ㅊ
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