6. Then according to the table (in billions of dollars), $1,000 $80 $200 $480 $120 $300 $400 $750 $100 $180 $220 $110 $230 Consumption Interest Corporate Profits Government Purchases Depreciation Rent Gross Private Investment Compensation of Employees Exports Imports Proprietor's Income Income Earned but not Received Income Received but not Earned a. (1 pt) Calculate GDP using the Expenditure Approach. (Show work below) b. (1 pt) Calculate GDP using the Income Approach. (Show work below)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
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6. Then according to the table (in billions of dollars),
$1,000
$80
$200
$480
$120
$300
$400
$750
$100
$180
$220
Consumption
Interest
Corporate Profits
Government Purchases
Depreciation
Rent
Gross Private Investment
Compensation of Employees
Exports
Imports
Proprietor's Income
Income Earned but not Received
Income Received but not Earned
$110
$230
a. (1 pt) Calculate GDP using the Expenditure Approach. (Show work below)
b. (1 pt) Calculate GDP using the Income Approach. (Show work below)
a
Br
CLL
Transcribed Image Text:T Normal I Title T No Spaci... Headi Heading 1 Styles Paragraph 6. Then according to the table (in billions of dollars), $1,000 $80 $200 $480 $120 $300 $400 $750 $100 $180 $220 Consumption Interest Corporate Profits Government Purchases Depreciation Rent Gross Private Investment Compensation of Employees Exports Imports Proprietor's Income Income Earned but not Received Income Received but not Earned $110 $230 a. (1 pt) Calculate GDP using the Expenditure Approach. (Show work below) b. (1 pt) Calculate GDP using the Income Approach. (Show work below) a Br CLL
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