Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts.
Government purchases of goods and services 3,200
Consumption 11,500
Compensation of employees 9,100
Business structures and equipment investment 1,500
Residential investment 500
R&D expenditures 200
Corporate profits 1,500
Rent 300
Interest 1,000
Proprietors income 200
Change in business inventories - 100
Taxes on production and imports 2,000
Government transfer payments 1,800
Exports 1,500
Imports 2,000
Depreciation 2,000
Statistical discrepancy 200.
a. Calculate GDP
b. Calculate National Income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
To reduce the amount of waste we produce takes thoughtful consideration about which products we use and how we use them. a goal to eliminate wastes entirely may not be achievable. which is one way to reduce wastes?
Answers (1)
Which of the following are not considered earned income for EIC computations? a. Wages b. Tips c. Interest earned from a bank account d. Self-employed income
Answers (1)
Orange Publishing hired Moe McDonnell, CFE, to investigate some large variances in the company's labor costs.
Answers (1)
A standard is a: A. normal way of addressing business letters. B. a document with specific rules and regulations. C. set unit of measurement for a particular purpose. D. level of quality or performance that people accept as normal
Answers (1)
Which investment has the least liquidity? mutual fund house checking account corporation Mark this and return Save and Exit Next Submit
Answers (2)
New Questions in Business
The government determines prices for goods and services in what kind of economy?
Answers (2)
When a newborn has a high risk of mortality and there is a significant burden of morbidity among survivors, what should be included in your discussion with the parents concerning options for resuscitation?
Answers (1)
Materials purchased on account during the month amounted to $190,000. materials requisitioned and placed in production totaled $156,000. the entry to record the transaction for materials requisitioned by the production department is
Answers (1)
Which of these are the six steps of the financial planning (FP) process? define scope-understand client goals-analyze client records-suggest FP options-follow the options-monitor progress provide options - analyze data-seek client records-define
Answers (1)
Contribution margin is a. the same as sales revenue b. the excess of sales revenue over variable cost c. another term for volume in cost-volume-profit analysis d. profit
Answers (1)