Please see attachment and choose correct answer and explain it neatly Use the following data. Using the expendituresapproach, which of the following is the correctcalculation for GDP?Federal government purchases of 120goods and servicesExportsCorporate profits8401050Gross private domestic investment 155Proprietors' income80Net interest40State and local governmentpurchases of goods and servicesRental incomePersonal consumptionexpendituresDepreciationImportsCompensation of employees10058841060801202065011055620ㅊ

Gross domestic product (GDP), or value added refers to the value of items and services produced by…

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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please see attachment and choose correct answer and explain it neatly

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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