Question: 1.The table below includes data for a one-year period required to calculate GDP for an economy. All figures are in billions of dollars. 2. Wages

1.The table below includes data for a one-year period required to calculate GDP for an economy. All figures are in billions of dollars.

2.

Wages and salaries

3029

GST remittances

107

Exports

32

Gross investment

537

Depreciation

82

Consumption expenditure

2808

Government subsidies to firms

51

Business profit

423

Imports

35

Interest and investment income

276

Government purchases

524

3.

4.What is the value of GDP according to expenditure approach? (5 points)

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