Refer to the table shown. What is the value of GDP using the expenditure approach? $4,785 350 235 250 Consumption expenditures Federal govemment purchases of goods and services State and local govemment's purchases Fixed Investment Proprietors income Corporate profits Inventory Investment Exports Imports Social Security payments Personal taxes Unemployment benefits 150 134 50 425 320 650 45 115 $6,540 $5,775 $5,450 O $4,785

Refer to the table shown. What is the value of GDP using the expenditure approach? $4,785 350 235 250 Consumption expenditures Federal govemment purchases of goods and services State and local govemment's purchases Fixed Investment Proprietors income Corporate profits Inventory Investment Exports Imports Social Security payments Personal taxes Unemployment benefits 150 134 50 425 320 650 45 115 $6,540 $5,775 $5,450 O $4,785

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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