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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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