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3.1 The following table shoes macroeconomic data for a hypothetical .pdf

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The document shows macroeconomic data for a hypothetical country, including values for various components of gross private investment, exports, imports, government purchases, personal consumption expenditures, taxes, transfer payments, compensation of employees, corporate profits, rental income, net interest, and proprietors income. It uses this data to calculate GDP using both the income and expenditure approaches to determine if the two approaches yield the same result.

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3.1 The following table shoes macroeconomic data for a hypothetical country. Using both the income and expenditure approaches to calculate the GDP. Gross private investment 110 billion Capital consumption allowance 30 billion Exports 55 billion Imports 40 billion Government purchases 140 billion Personal consumption expenditures 400 billion Indirect business taxes 25 billion Social insurance taxes 20 billion Corporate profit taxes 15 billion Undistributed corporate profits 5 billion Transfer payments 65 billion Personal taxes 120 billion Compensation of employees 450 billion Corporate profits 150 billion Rental income 20 billion Net interest 30 billion Proprietors income 15 billion Income earned from the rest of the world 100 billion Income earned by the rest of the world 45 billion GDP income = GDP expenditure =

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