The table below summarizes the income of Paraguay. Category Value (billions of $) 8.3 0.7 21.0...
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The table below summarizes the income of Paraguay. Category Value (billions of $) 8.3 0.7 21.0 Wages Interest Total business expenditures Total business revenues 30.0 Instructions: Round your answers to the nearest dollar. a. Profits = $ b. Calculate the GDP of Paraguay using the income approach. $ billion. billion. c. What would GDP be if you were to use the value-added approach? $ billion. d. What would GDP be if you were to use the expenditure approach? $ billion. GA The table below summarizes the income of Paraguay. Category Value (billions of $) 8.3 0.7 21.0 Wages Interest Total business expenditures Total business revenues 30.0 Instructions: Round your answers to the nearest dollar. a. Profits = $ b. Calculate the GDP of Paraguay using the income approach. $ billion. billion. c. What would GDP be if you were to use the value-added approach? $ billion. d. What would GDP be if you were to use the expenditure approach? $ billion. GA
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a Profits Profits are not explicitly shown in the table but they can be calculated by subtracting to... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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