please i need complete solution a,b,c part Q1: Use the national income accounting data given in the table to answer thefollowing:Wages and SalariesExportsConsumption of fixed capitalGovernment purchasesIndirect business taxesGross private domestic investmoTransfer paymentsImportsPersonal taxesNet foreign factor incomePersonal consumption expendituresStatistical discrepancy$21157518ment321917392171. Calculate GDP using expenditure approach.Your answer2. Calculate net domestic product.Your answer 1. Calculate GDP using expenditure approach.Your answer2. Calculate net domestic product.Your answer3. Calculate national incomeYour answer

The expenditure method may be a gross domestic product (GDP) measurement scheme, which contains…

Answered: 1. Calculate GDP using expenditure…

1. Calculate GDP using expenditure approach. Your answer 2. Calculate net domestic product. Your answer 3. Calculate national income Your answer

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 13SQ

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Question

please i need complete solution a,b,c part

Q1: Use the national income accounting data given in the table to answer the
following:
Wages and Salaries
Exports
Consumption of fixed capital
Government purchases
Indirect business taxes
Gross private domestic investmo
Transfer payments
Imports
Personal taxes
Net foreign factor income
Personal consumption expenditures
Statistical discrepancy
$21
15
7
51
8
ment
32
19
17
39
217
1. Calculate GDP using expenditure approach.
Your answer
2. Calculate net domestic product.
Your answer

1. Calculate GDP using expenditure approach.
Your answer
2. Calculate net domestic product.
Your answer
3. Calculate national income
Your answer

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