The following activities took place in an imaginary economy last year (see the table below): Calculate: 1. GDP at market

[answerhappygod]

The Following Activities Took Place In An Imaginary Economy Last Year See The Table Below Calculate 1 Gdp At Market 1 (120.6 KiB) Viewed 80 times

The following activities took place in an imaginary economy last year (see the table below): Calculate: 1. GDP at market prices. Which approach to measuring GDP did you use? (6 points) 2. Personal disposable income (4 points) 3. Private saving (4 points) 4. The government's budget deficit (3 points) 5. Leakages and injections. Are they equal? (3 points) Items Imports of goods and services Profits retained by firms Exports of goods and services Wages paid to labour Government expenditures on goods and services Interest earned by households Investment Taxes paid by households Transfer payments Rent received by households Depreciation Consumer expenditure Total profits made by firms Taxes paid by firms $ 320 100 400 1,600 500 200 500 400 100 80 100 1,300 400 100