The following table contains data for a hypothetical economy: 

Consumer Expenditures $500 million

Wages $650 million

Investment Expenditures $200 million

Interest Payments $100 million

Government Expenditures $250 million

Interest Receipts $190 million

Total Exports $100 million

Rent $200 million

Total Imports $150 million

Profits $10 million

According to the expenditure approach, if depreciation is $50million, GDP is _____________ and NDP is ___________.

A. $ 950 million; $ 900 million

B. $ 940 million; $890 million

C. $900 million; $ 850 million

D. $1,200 million; $1,150 million

Answer rating: 100% (QA)

GDP Consumer Expenditure 700 million Government Expe... View the full answer