What is the value for Gross Domestic Product if consumer spending is $25,486, gross private domestic investment is $8,379, government purchases are $5,367, exports are $2,662, imports are $1,555, wages are $11,769, and indirect business taxes are $1,334? Other values for potential components of GDP are unknown. Enter the value without a $ and without commas. What is the value for Gross Domestic Product if households receive $326 in net interest income, wages equal $13,940, rental receipts on land are $908, total business profits before taxes are $1,765, and indirect business taxes are $1,005? Assume all other types of income are zero for this example. (Sometimes, GDP includes depreciation and net foreign income but I will not be using those in this course.) Enter the value without a $ and without commas.
What is the value for Gross Domestic Product if consumer spending is $25,486, gross private domestic investment is $8,379, government purchases are $5,367, exports are $2,662, imports are $1,555, wages are $11,769, and indirect business taxes are $1,334? Other values for potential components of GDP are unknown. Enter the value without a $ and without commas. What is the value for Gross Domestic Product if households receive $326 in net interest income, wages equal $13,940, rental receipts on land are $908, total business profits before taxes are $1,765, and indirect business taxes are $1,005? Assume all other types of income are zero for this example. (Sometimes, GDP includes depreciation and net foreign income but I will not be using those in this course.) Enter the value without a $ and without commas.
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 3P
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What is the value for Gross Domestic Product if households receive $326 in net interest income, wages equal $13,940, rental receipts on land are $908, total business profits before taxes are $1,765, and indirect business taxes are $1,005? Assume all other types of income are zero for this example. (Sometimes, GDP includes depreciation and net foreign income but I will not be using those in this course.) Enter the value without a $ and without commas.
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