HELP CALCULATE GDP-DO I USE THE INCOME APPROACH AND HOW DO I FIGURE OUT TOTAL INVESTMENT EXPENDITURES OR TOTAL

Savings?

Corporate profits$200
Net seductiveness 150
Indirect taxes reduction subsidies 230
Depreciation 250
Compensation of employees 1,350
Proprietor’s income 150
Rental income 70
Personal expenditure expenditures 1,400
Government purchases of products as well as services500
Net exports of products as well as services 40

Using the interpretation in the list above, sum made at home product equals:

the answer is $2,400, But what proceed do I use as well as how do I find possibly Investment expenditures or Savings as well as Taxes?

Y = C + I + G + (X-M)

or

Y= C + S + T
Umm, I consider I need some-more assistance than that.

{ 1 comment… read it below or add one }

greenwhitecollege September 2, 2010 at 11:18 pm

You will need to use income approach.

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