s (67,566)

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 14CQ
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Direction: Solve for GDP using the three different approaches. Show your Solutions in its simplest form

GIVEN: at current prices (in million pesos)
Personal consumption expenditure
Durable goods (7,579)
Nondurable goods (67,566)
Personal services (19,830)
Private domestic investment
Residential fixed (5,210)
Business fixed (15,260)
Change in inventories (4,599)
Government consumption & investment purchases (19,810)
Net export
Export (9,820)
Import (13, 480)
Corporate profits before taxes
Corporate profit taxes (3,690)
Dividends (4,250)
Undistributed profits (3,390)
Income of unincorporated enterprises (7,680)
Depreciation (overall) (9,950)
Indirect business taxes, adjustments, & statistical discrepancy (28,150)
Rental income of person (14,695)
Net interest (5,680)
Wages, Salaries, and supplements (98,320)
Agriculture (43,280)
. Fishery and forestry (32,750)
Mining (22,810)
Quarrying (21,235)
Manufacturing (31,090)
Construction (15,888)
Transportation, communication, storage & utilities (62,280)
Commerce (20,579)
Services (23,134)
Trade (38,189)

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