The table lists items in Dreamland's national accounts. 1. Use the expenditure approach to calculate GDP. GDP calculated using the expenditure approach is $ XXXXXXXXXXCalculate net domestic income at...

The table lists items in Dreamland's national accounts. 1. Use the expenditure approach to calculate GDP. GDP calculated using the expenditure approach is $ 3300 2. Calculate net domestic income at factor cost. Net domestic income at factor cost is $ 3. Calculate net domestic income at market prices. Net domestic income at market prices is $ 3050 4. Use the income approach to calculate GDP. GDP calculated using the income approach is $6600 Amount (dollars) tem Government expenditure on goods and services Consumption expenditure Rent and interest Indirect taxes less subsidies Investment Wages Profit Net exports Depreciation 600 1,950 400 350 550 1,600 500 200 450
Nov 11, 2021
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