Using the expenditure approach, compute the value of the GDP?Transfer Payments$54Interest Income$150Depreciation$36Wages$67Gross Private Investment (I) $124Business Profits$200Indirect Business Taxes$74Rental Income$75Net Exports (X-M)$18Net Foreign Factor Income$12Government Purchases (G)$156Household Consumption (C) | $304

GDP using expenditure approach: Household Consumption + Government Expenditure + Investment + Net…

Using the expenditure approach, compute the value of the GDP? Transfer Payments $54 Interest Income $150 Depreciation $36 Wages $67 Gross Private Investment (1) $124 Business Profits $200 Indirect Business Taxes $74 Rental Income $75 Net Exports (X-M) $18 Net Foreign Factor Income $12 Government Purchases (G) $156 Household Consumption (C) $304

Using the expenditure approach, compute the value of the GDP? Transfer Payments $54 Interest Income $150 Depreciation $36 Wages $67 Gross Private Investment (1) $124 Business Profits $200 Indirect Business Taxes $74 Rental Income $75 Net Exports (X-M) $18 Net Foreign Factor Income $12 Government Purchases (G) $156 Household Consumption (C) $304

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

Using the expenditure approach, compute the value of the GDP?
Transfer Payments
$54
Interest Income
$150
Depreciation
$36
Wages
$67
Gross Private Investment (I) $124
Business Profits
$200
Indirect Business Taxes
$74
Rental Income
$75
Net Exports (X-M)
$18
Net Foreign Factor Income
$12
Government Purchases (G)
$156
Household Consumption (C) | $304

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