Question: PLEASE, EXPLAIN WHY IS THE ANSWER for question 57 D and why WHY IS THE ANSWER for question 58 C. The table below includes data

PLEASE, EXPLAIN WHY IS THE ANSWER for question 57 D and why WHY IS THE ANSWER for question 58 C.

The table below includes data for a one-year period required to calculate GDP from the expenditure side for a teeny-tiny economy.

Gross investment expenditure

$402.00

Wages and salaries

$1741.00

Consumption expenditure

$1302.40

Interest and investment income

$99.40

Business profits

$70.40

Depreciation

$199.20

Government purchases

$486.80

Net exports

$94.00

TABLE 20-1

57) Refer to Table 20-1. What is the value of GDP from the expenditure side?

A) $1982.60

B) $1986.00

C) $2010.00

D) $2285.20

E) $2584.40

Answer: D

Follow your formula and you get this right automatically

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

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

TABLE 20-2

58) Refer to Table 20-2. What is the value of GDP, as calculated from the expenditure side?

A) $3936

B) $3904

C) $3866

D) $3784

E) $3708

Answer: C

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