Calculate net domestic product at factor cost and the statistical discrepancy.
The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the following data:
• GDP (income approach): $2,900
• Consumption expenditure: $2,000
• Indirect taxes less subsidies: $100
• Net operating surplus: $500
• Investment: $800
• Government expenditure: $400
• Wages: $2,000
• Net exports: –$200