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1. The table below is the data for an economy (4 Marks): ITEM Value ($ millions) Wages &
Salaries 1,900 Household Final Consumption 1,400 Consumption of Fixed Capital (Depreciation)
65 Gross Fixed Capital Formation 200 Exports 75 Rent 110 Government Final Consumption 250
Imports 65 Corporation Income 700 Interest & Dividends 20 Net Income from Farm Production
250
Show formula and all work. Calculate the Expenditure-based GDP.

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