MrSnuffleBuns7056 MrSnuffleBuns7056

19-12-2022
Business

Answered

Using the table below, calculate GDP using the expenditure approach.
Wages and salaries $800
Consumption spending $1,000
Rent $100
Government purchases $200
Profit $300
Exports $400
Interest $250
Private investment spending $400
Imports $550
Based on the above information, according to the expenditure approach GDP in this year was?
a. $2000
b. $2900
c. $1450
d. $4000
e. $2550

Answer :

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