1. Consider following data from table - A. Calculate GDP usingExpenditure approach.

2 points

Table - A

Item

Value$

Government purchases of goods and services

100

Wages paid to labor

250

Personal Savings

35

Indirect taxes

50

Income taxes

80

Profits

40

Export earnings

100

Consumption expenditure

250

Interest and miscellaneous investment income

20

Import payments

75

Net Investment expenditure

45

Farmers' Income

50

Income of non-farm unincorporated business

40

1. Consider the following information:

C =350I=70G = 120

X = 130

M = 0.25*C

CalculateGDP(1 point)