Calculating GDP using the expenditure approach?

GDP using Income/Expenditure approach?

  • I have been working on this problem for a few hours and cannot find a solution. My professor gave us a list and asked us to find the GDP using the INC/EXP approach. He said both sides will be equal. He isnt even going to put it on the test! I just need it for my HW assignment, and cannot for the life of me find an answer. Any help?! Capital Consumption Allowance (Depreciation) $180 Compensation of employees (Wages) 930 Contributions to social insurance (Social Security) 110 Corporate profit taxes 50 Dividends 30 Exports 150 Fixed investment (gross) 160 Government purchases 400 Imports 125 Indirect business taxes 190 Inventory changes 20 Net interest 75 Personal consumption expenditures 975 Personal taxes 170 Proprietor and partnership profits 90 Rental income 25 Transfer payments 210 Undistributed corporate profits (Retained Earnings) 10

  • Answer:

    Are you in mcneils class by any chance??! I haven't been able to figure it out at all. Haven't finished any of the hw, but this part i straight up cant figure out

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I do not allow cheating in my class. Using online forums is cheating . Points will be deducted for your actions. Macro economics is about sacrifice. You will not make more than kobe with yahoo answers. You have to walk to school barefoot uphill in the snow both ways to get through this class. I will only deduct 5 points, don't let this happen again.

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