What is Gross Domestic Product if investment spending is $1,879.99, households receive $170.17 in net interest income, wages equal $13,555.17, rental receipts on land are $1, total business profits before taxes are $1,611.03, and indirect business taxes are $1,329.47?  Assume all other types of income and depreciation are zero and that other values for potential components of GDP are unknown for this example.  Round your answer to two digits after the decimal.

MACROECONOMICS FOR TODAY
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ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
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What is Gross Domestic Product if investment spending is $1,879.99, households receive $170.17 in net interest income, wages equal $13,555.17, rental receipts on land are $1, total business profits before taxes are $1,611.03, and indirect business taxes are $1,329.47?  Assume all other types of income and depreciation are zero and that other values for potential components of GDP are unknown for this example.  Round your answer to two digits after the decimal.

 

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