Use the data below to compute answers to the questions that follow. Item Amount (in billions...

    

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Use the data below to compute answers to the questions that follow. Item Amount (in billions of dollars) Consumption expenditure 390 Government expenditure 110 Imports of goods and services 40 Interest and investment income 52 Profit of corporations and government enterprises 80 Income from farms and unincorporated businesses 50 Gross investment 180 Exports of goods and services 55 Wages, salaries and supplementary labour income 378 Capital consumption allowance 60 Indirect taxes less subsidies 75 a. Use the expenditure approach to calculate GDP. b. Use the income approach to calculate GDP. c. Calculate net domestic product (at factor cost). d. Compute net investment and net exports Use the data below to compute answers to the questions that follow. Item Amount (in billions of dollars) Consumption expenditure 390 Government expenditure 110 Imports of goods and services 40 Interest and investment income 52 Profit of corporations and government enterprises 80 Income from farms and unincorporated businesses 50 Gross investment 180 Exports of goods and services 55 Wages, salaries and supplementary labour income 378 Capital consumption allowance 60 Indirect taxes less subsidies 75 a. Use the expenditure approach to calculate GDP. b. Use the income approach to calculate GDP. c. Calculate net domestic product (at factor cost). d. Compute net investment and net exports

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