Use the table given below to calculate GDP using the expenditure approach: Personal Consumption Spending $850 Interest $ 90 Corporate Profit $150 Government Purchases $400 Depreciation $100 Rent $ 70 Gross Private Domestic Investment $120 Compensation of Employees $830 Exports $120 Imports $ 70 Indirect Business Taxes $ 80 Proprietors’ Income $120 Personal Income Tax $110 Income Earned but Not Received $140 Income Received but Not Earned $160 Receipt of Factor Incomes from the Rest of the World $ 50 Receipt of Factor Incomes to the Rest of the World $ 30 Question 41 options: a) $1260 b) $2460 c) $1540 d) $1420

Use the table given below to calculate GDP using the expenditure approach: Personal Consumption Spending $850 Interest $ 90 Corporate Profit $150 Government Purchases $400 Depreciation $100 Rent $ 70 Gross Private Domestic Investment $120 Compensation of Employees $830 Exports $120 Imports $ 70 Indirect Business Taxes $ 80 Proprietors’ Income $120 Personal Income Tax $110 Income Earned but Not Received $140 Income Received but Not Earned $160 Receipt of Factor Incomes from the Rest of the World $ 50 Receipt of Factor Incomes to the Rest of the World $ 30 Question 41 options: a) $1260 b) $2460 c) $1540 d) $1420

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter7: Types And Costs Of Financial Capital

Section: Chapter Questions

Problem 2aM

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Question 41

Use the table given below to calculate GDP using the expenditure approach:

Personal Consumption Spending	$850
Interest	$ 90
Corporate Profit	$150
Government Purchases	$400
Depreciation	$100
Rent	$ 70
Gross Private Domestic Investment	$120
Compensation of Employees	$830
Exports	$120
Imports	$ 70
Indirect Business Taxes	$ 80
Proprietors’ Income	$120
Personal Income Tax	$110
Income Earned but Not Received	$140
Income Received but Not Earned	$160
Receipt of Factor Incomes from the Rest of the World	$ 50
Receipt of Factor Incomes to the Rest of the World	$ 30

Question 41 options:

$1260

$2460

$1540

$1420

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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