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|
ITEM |
Value ($ millions) |
|
Wages & Salaries |
2,000 |
|
Household Final Consumption |
1,200 |
|
Consumption of Fixed Capital (Depreciation) |
50 |
|
Gross Fixed Capital Formation |
200 |
|
Exports |
60 |
|
Rent |
100 |
|
Government Final Consumption |
250 |
|
Imports |
50 |
|
Corporation Income |
600 |
|
Interest & Dividends |
10 |
|
Net Income from Farm Production |
300 |
Show formula and all work. Calculate the Expenditure-based GDP.
|
Year |
Average Level of Prices ($) |
Quantity of Output |
|
2000 |
15 |
650 |
|
2010 |
20 |
1,000 |
|
2020 |
25 |
1,500 |
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