Question 7 The table sets out some data for an economy. Item Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure 3 tries left (dollars) 7,000 GDP is $ Type 700 220 Wages Net exports Use the expenditure approach to calculate GDP. 160 180 5,900 - 300
Question 7 The table sets out some data for an economy. Item Consumption expenditure Indirect taxes less subsidies Interest, rent, and profit Investment Government expenditure 3 tries left (dollars) 7,000 GDP is $ Type 700 220 Wages Net exports Use the expenditure approach to calculate GDP. 160 180 5,900 - 300
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 6E
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Use the expenditure approach to calculate GDP .
GDP is _____
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