The following table gives categories for income and expendituresfor a representative country:

Net exports of goods and services	-550
Net interest paid by business	440
Government purchase of goods and services	1,650
Gross private domestic investment	2,200
Indirect business taxes	440
Rental income of individuals plus implicit rent onowner-occupied housing	220
Wages, salaries, employee compensation	6,600
Personal consumption expenses	7,700
Depreciation	880
Proprietorial income	1,100
Corporate profits	1,320

Use the data in the table to calculate Gross Domestic Product(GDP) for this country.

GDP is equal to $_____?

Answer rating: 100% (QA)

Gross Domestic Product GDP refers to the total amount spent on goods and ... View the full answer