Using the incomes approach, calculate GDP at basic prices based on the numbers from this table: 1 Wages and salaries 2 3 4 5 6 7 8 9 10 11 12 Compensation of employees Net operating surplus: Corporations Gross mixed income Taxes less subsidies on production Net mixed income Taxes less subsidies on products and imports Consumption of fixed capital : Unincorporated businesses Consumption of fixed capital : General government and NPISH Gross operating surplus Employers' social contributions Consumption of fixed capital: Corporations $3545 $3600 $3680 $3725 A value greater than $3725 1800 2000 550 600 45 570 80 30 50 1000 200 400
Using the incomes approach, calculate GDP at basic prices based on the numbers from this table: 1 Wages and salaries 2 3 4 5 6 7 8 9 10 11 12 Compensation of employees Net operating surplus: Corporations Gross mixed income Taxes less subsidies on production Net mixed income Taxes less subsidies on products and imports Consumption of fixed capital : Unincorporated businesses Consumption of fixed capital : General government and NPISH Gross operating surplus Employers' social contributions Consumption of fixed capital: Corporations $3545 $3600 $3680 $3725 A value greater than $3725 1800 2000 550 600 45 570 80 30 50 1000 200 400
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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