Compensation of Employees 900 Corporate profits 400 Factor income paid to the world 325 Factor Income received from the world 170 Indirect taxes 775 Subsidies 125 Depreciation 120 Consumption of goods 850 Net interest 75 Rent Income 125 Consumption of services 475 Residential investments 350 Non-residential investments 525 Government Expenditure 925 Imports 700 Exports 300 Proprietor’s income 300 a. Calculate UWI Land’s GDP using the Income and Expenditure Approach.
1. You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:
Compensation of Employees
900
Corporate profits 400
Factor income paid to the world 325
Factor Income received from the world
170
Indirect taxes 775
Subsidies 125
Depreciation 120
Consumption of goods 850
Net interest 75
Rent Income 125
Consumption of services 475
Residential investments 350
Non-residential investments
525
Government Expenditure 925
Imports 700
Exports 300
Proprietor’s income 300
a. Calculate UWI Land’s
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