The table shows items of income and expenditure in an economy in 2016 Calculate this economy's GOP in 2018. GDP in this economy in 2016 equals billion Rem Wages paid to labour Consumption expenditure Net domestic income at factor cost Investment Govemment expenditure Not exports Depreciation Billions of dollars 203 792 457 187 278 -31 314
The table shows items of income and expenditure in an economy in 2016 Calculate this economy's GOP in 2018. GDP in this economy in 2016 equals billion Rem Wages paid to labour Consumption expenditure Net domestic income at factor cost Investment Govemment expenditure Not exports Depreciation Billions of dollars 203 792 457 187 278 -31 314
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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Transcribed Image Text:The table shows items of income and expenditure in an economy in 2016
Calculate this economy's GDP in 2016.
GDP in this economy in 2016 equals bilion
Hem
Wages paid to labour
Consumption expenditure
Net domestic income at factor
cost
Investment
Goverment expenditure
Not exports
Depreciation
Billions of
dollars
203
792
457
187
270
-31
314
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