Question: Answer the following correctly and completely Part III. Computation Direction: Solve for gross domestic product using the three different approaches. Show your Solutions in its

Answer the following correctly and completely

Answer the following correctly and completely Part III. Computation Direction: Solve forgross domestic product using the three different approaches. Show your Solutions in

Part III. Computation Direction: Solve for gross domestic product using the three different approaches. Show your Solutions in its simplest form. Given: at current prices (in million pesos) a. Mining (22,810) b. Quarrying (21,235) C. Private domestic investment $ Residential fixed (5,210) Business fixed (15,260) $ Change in inventories (4,599) d. Income of unincorporated enterprises (7,680) e. Depreciation (overall) (9,950) f. Indirect business taxes, adjustments, & statistical discrepancy (28,150) g. Rental income of persons (14,695) h. Net interest (5,680) i. Wages, salaries, and supplements (98,320) j. Agriculture (43,280) k. Fishery and forestry (32,750) 1. Manufacturing (31,090) m. Construction (15,888) n. Government consumption & investment purchases (19,810)Direction: Solve for gross domestic product using the three different approaches. Show your Solutions in its simplest form. Given: at current prices (in million pesos) 0. Net exports $ Export (9,820) $ Import (13,480) p. Corporate profits before taxes $ Corporate profit taxes (3,690) Dividends (4,250) Undistributed profits (3,390) q. Transportation, communication, storage & utilities (62,280) r. Commerce (20,579) s. Services (23,134) t. Trade (38,189) U. NFIA (267,459) v. Personal consumption expenditure $ Durable goods (7,579) Nondurable goods (67,560) Personal services (19,830) Using the Final Expenditure Approach Using Factors Income Approach Using Industrial Origin Approach

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!