Question: Don't answer by pen paper don't use AI bot The following economic data are available to you. Cyclical unemployment is at 4%. $million Rent 30

Don't answer by pen paper don't use AI bot The following

Don't answer by pen paper don't use AI bot

The following economic data are available to you. Cyclical unemployment is at 4%. $million Rent 30 Household consumption expenditure 1,500 Corporate income taxes 80 Undistributed profits 20 Net exports 10 Dividends 40 Consumption of fixed capital (depreciation) 200 Interest 90 Indirect business taxes less subsidies 180 Compensation for employees 1,420 Government consumption expenditure 400 Proprietors' income 100 Specifically, to prepare for this meeting, the chief economic statistician wants you to: (a) Calculate the income-based GDP. (b) Calculate the expenditure-based GDP. (c) Calculate investment. (d) Calculate the recessionary gap

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