Q5. The following table shows Singapore's GDP components in 2017. As it can be seen from...

 

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Q5. The following table shows Singapore's GDP components in 2017. As it can be seen from the figures the claim that GDP calculated from income, expenditure and output methods have the same value, which is equal to 447, is wrong. True/False/Uncertain. Explain. Income method Wages and 189 salaries $billions Operating 226 surpluses GDP at basic prices Subtotal GDP at market prices 415 Net indirect 37 taxes 452 ? Expenditure method Household Consumption Government consumption Net exports Subtotal GDP at market prices Sbillions 159 49 109 441 ? Output method Goods produced Services produced $billions GDP at market prices 104 299 Net direct 44 taxes Subtotal 447 447 Q5. The following table shows Singapore's GDP components in 2017. As it can be seen from the figures the claim that GDP calculated from income, expenditure and output methods have the same value, which is equal to 447, is wrong. True/False/Uncertain. Explain. Income method Wages and 189 salaries $billions Operating 226 surpluses GDP at basic prices Subtotal GDP at market prices 415 Net indirect 37 taxes 452 ? Expenditure method Household Consumption Government consumption Net exports Subtotal GDP at market prices Sbillions 159 49 109 441 ? Output method Goods produced Services produced $billions GDP at market prices 104 299 Net direct 44 taxes Subtotal 447 447

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Step 11 When we solve GDP in different methods it should be always same But in thi... View the full answer