All numbers are in billions of dollars. Consumption $2,290.0 Investment 800.6 Government purchases 850.6 Net exports 178.2 Capital consumption allowance 607.6 Indirect business taxes 423.6 Statistical discrepancy 8.8 Social Security insurance taxes 423.0 Transfer payments 911.2 Undistributed profits 182.0 Corporate profits taxes 155.4 Personal taxes 680.0 Dividends 0.0 Compensation of employees 1600.0 Income earned from the rest of the world 100.0 Income earned by the rest of the world 112.0 Proprietors’ income 800.0 Rental income 290.0 Net interest 46.0. calculate the GDP at market rice and factor cost

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
icon
Related questions
Question

All numbers are in billions of dollars. Consumption $2,290.0 Investment 800.6 Government purchases 850.6 Net exports 178.2 Capital consumption allowance 607.6 Indirect business taxes 423.6 Statistical discrepancy 8.8 Social Security insurance taxes 423.0 Transfer payments 911.2 Undistributed profits 182.0 Corporate profits taxes 155.4 Personal taxes 680.0 Dividends 0.0 Compensation of employees 1600.0 Income earned from the rest of the world 100.0 Income earned by the rest of the world 112.0 Proprietors’ income 800.0 Rental income 290.0 Net interest 46.0.

calculate the GDP at market rice and factor cost

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Value Added Method
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L