The table to the right gives some national income figures for the country of Econoland. All...

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The table to the right gives some national income figures for the country of Econoland. All figures are in dollars. Using the income approach, the value of GDP for Econoland is $23840 (Round your response to the nearest dollar) The net domestic income at factor cost for Econoland is equal to $ (Round your response to the nearest dollar) Country of Econoland Item 1. Wages and salaries 2. Interest income 3. Personal consumption 4. Personal saving 5. Personal income taxes 6. Business profits 7. Indirect taxes 8. Subsidies 9. Government purchases 10. Exports 11. Net private investment 12 Depreciation Amount (in dollars) 20,000 800 15,600 4,400 250 1,860 700 120 4,000 1,400 3,800 600 The table to the right gives some national income figures for the country of Econoland. All figures are in dollars. Using the income approach, the value of GDP for Econoland is $23840 (Round your response to the nearest dollar) The net domestic income at factor cost for Econoland is equal to $ (Round your response to the nearest dollar) Country of Econoland Item 1. Wages and salaries 2. Interest income 3. Personal consumption 4. Personal saving 5. Personal income taxes 6. Business profits 7. Indirect taxes 8. Subsidies 9. Government purchases 10. Exports 11. Net private investment 12 Depreciation Amount (in dollars) 20,000 800 15,600 4,400 250 1,860 700 120 4,000 1,400 3,800 600

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To calculate the value of GDP using income approach GDP income from work wage... View the full answer