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Assume that all income is either employee compensation or profits and there are no indirect taxes. Calculate the GDP using the expenditure and the income approach using the flowing figures:Consumption -5,000 , Investments- 1,000, Depreciation -600 , Profits-900 , Exports-500, Compensation/Wages -5,000, Government Purchases -1000, Direct taxes 800 Saving-1100, Imports- 700, Net Factor Payments - 100, Sales Taxes -200.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9691892

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