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Homework 3 NWW.docx - Homework 3 1. The table below is the...

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Homework 31.The table below is the data for an economy (3 Marks):ITEMValue ($millions)Wages & Salaries2,000Household Final Consumption1,200Consumption of Fixed Capital (Depreciation)50Gross Fixed Capital Formation200Exports60Rent100Government Final Consumption250Imports50Corporation Income600Interest & Dividends10Net Income from Farm Production300Show formula and all work. Calculate the Expenditure-based GDP.
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Term
Fall
Professor
professor_unknown
Tags
National accounts, Senecaville

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