Question: The table below is the data for an economy (3 Marks): ITEM Value ($ millions) Wages & Salaries 1,900 Household Final Consumption 2,500 Consumption of

  1. The table below is the data for an economy (3 Marks):

ITEM

Value ($ millions)

Wages & Salaries

1,900

Household Final Consumption

2,500

Consumption of Fixed Capital (Depreciation)

50

Gross Fixed Capital Formation

800

Exports

180

Rent

100

Government Final Consumption

450

Imports

150

Corporation Income

450

Interest & Dividends

10

Net Income from Farm Production

250

Show formula and all work. Calculate the Expenditure-based GDP.

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