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Item (dollars) GDP (income approach) 7,050 Consumption expenditure 7,300 Indirect taxes less subsidies 700 Interest, rent, and profit 230 Investment 160 Government expenditure 190 Wages 6,000 Net factor income from abroad 100 Net exports -400 The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right. Calculate GDP (expenditure approach) and depreciation.

Item (dollars) GDP (income approach) 7,050 Consumption expenditure 7,300 Indirect taxes less subsidies 700 Interest, rent, and profit 230 Investment 160 Government expenditure 190 Wages 6,000 Net factor income from abroad 100 Net exports -400 The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right. Calculate GDP (expenditure approach) and depreciation.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Item (dollars) GDP (income approach) 7,050 Consumption expenditure 7,300 Indirect taxes less subsidies 700 Interest, rent, and profit 230 Investment 160 Government expenditure 190 Wages 6,000 Net factor income from abroad 100 Net exports -400
Transcribed Image Text:Item (dollars) GDP (income approach) 7,050 Consumption expenditure 7,300 Indirect taxes less subsidies 700 Interest, rent, and profit 230 Investment 160 Government expenditure 190 Wages 6,000 Net factor income from abroad 100 Net exports -400
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right. Calculate GDP (expenditure approach) and depreciation.
Transcribed Image Text:The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys some accounts, leaving only the data on the right. Calculate GDP (expenditure approach) and depreciation.
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