The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $10 billion, W was $34 billion; U was $13 billion. Jwas $19 billion, and Z was $6 billion. Calculate total expenditure and total income. Total expenditure is $ billion

The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $10 billion, W was $34 billion; U was $13 billion. Jwas $19 billion, and Z was $6 billion. Calculate total expenditure and total income. Total expenditure is $ billion

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 2WNG

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Question

The figure shows the flows of expenditure and income on Lotus Island.
In 2016, R was $10 billion; Wwas $34 billion; U was $13 billion: Jwas $19 billion, and Z was $6 billion.
Calculate total expenditure and total income.
Total expenditure is $ billion

FACTOR
HARKETS
HOUSEHOLDS
GOVERNMENTS
FIRMS
FINANCIAL
MARKETS
GOODS
MARKETS
REST
OF
WORLD

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The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $11 billion; Wwas $35 billion; U was $10 billion; J was $20 billion; and Z was $6 billion. Calculate total expenditure and total income. Total expenditure is $ billion. Total income is $ billion. FINANCIAL HOUSEHOLDS MARKETS U Gr GOODS MARKETS FACTOR MARKETS FIRMS REST WORLD OF
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