Question: Using any relevant information below, calculate GDP using the expenditure approach. Inventory investment ................ $50 billion Fixed investment ................. $120 billion Consumer durables ................ $420
Inventory investment ................ $50 billion
Fixed investment ................. $120 billion
Consumer durables ................ $420 billion
Consumer nondurables .............. $275 billion
Interest ..................... $140 billion
Indirect business taxes ................ $45 billion
Government wages and salaries ........... $300 billion
Government purchases of goods and services ...... $110 billion
Imports .................... $80 billion
Exports .................... $40 billion
Profits ..................... $320 billion
Services .................... $600 billion
Step by Step Solution
3.29 Rating (196 Votes )
There are 3 Steps involved in it
Consumption Consumer durables 420 billion Consumer nondurables 275 bil... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
230-B-E-M-E (1474).docx
120 KBs Word File
