Business, 20.07.2020 23:01 ajayfurlow

The following table shows macroeconomic data for an imaginary economy. All figures are in billions of dollars. For each account, identify which approach uses it to derive GDP by selecting either Expenditure or Resoruce Cost-Income in the Approach column. Billions of Dollars Approach

Fixed Investment $2,183 Resource cost-income
Interest income $539 Resource cost-income
Government Consumption and Gross Investment $2,568 Expenditure
Services $5,504 Expenditure
Depreciation $1,587 Resource cost-income
Durable goods $1,090 Expenditure
Proprietor’s income $1,045 Resource cost-income
Employee compensation $7,528 Resource cost-income
Rents $107 Resource cost-income
Corporate profits $1,646 Resource cost-income
Inventories $70 Expenditure
Net income of foreigners –$110 Resource cost-income
Nondurable goods $2,735 Expenditure
Imports $1,030 Expenditure
Indirect business taxes $1,035 Resource cost-income
Exports $257 Expenditure

Required:
Use the table to calculate personal consumption, gross private investment, and net exports and complete the following table.

Make sure to specify the sign for the Net Exports values.

Billions of Dollars
Personal Consumption
Gross Private Investment
Net Exports
The economy's GDP is

Answers: 2

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The following table shows macroeconomic data for an imaginary economy. All figures are in billions o...