Using the following national income accounting data, compute depreciation and GDP by the income approach. All...

 

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Using the following national income accounting data, compute depreciation and GDP by the income approach. All figures are in billions. Profits of corporations and government enterprises before taxes Exports Capital consumption allowances (depreciation) Government current purchases of goods and services Net income of farms and unincorporated business Taxes less subsidies on factors of production Wages, salaries, and supplementary labour income Gross Investment Indirect taxes less subsidies Interest and investment income Personal consumption and expenditures Imports Part 1: What is the value of depreciation Part 2: What is the value of GDP using the Income Approach Number 56 99 113 13 78 150 91 12 75 138 12 Using the following national income accounting data, compute depreciation and GDP by the income approach. All figures are in billions. Profits of corporations and government enterprises before taxes Exports Capital consumption allowances (depreciation) Government current purchases of goods and services Net income of farms and unincorporated business Taxes less subsidies on factors of production Wages, salaries, and supplementary labour income Gross Investment Indirect taxes less subsidies Interest and investment income Personal consumption and expenditures Imports Part 1: What is the value of depreciation Part 2: What is the value of GDP using the Income Approach Number 56 99 113 13 78 150 91 12 75 138 12

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