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1 The table below is the data for an economy 4 Marks ITE.pdf

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The document provides economic data for an economy including values in millions of dollars for items such as wages & salaries, household consumption, depreciation, capital formation, exports, rent, government consumption, imports, corporate income, interest & dividends, and farm income. To calculate expenditure-based GDP, add household consumption, capital formation, government consumption, and exports and subtract imports.

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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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1 The table below is the data for an economy 4 Marks ITE.pdf

  • 1. 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.