GDP expenditure approach calculations?
-
Trying to figure out what fits in the C+I+G+NX sections... consider economy that produces only two goods, gas and oil.... revenue from selling gas: 4800000 cost of buying fresh oil from other company: 1300000 interest on funds borrowed to buy refinery: 900,000 wages paid to employees: 1200000 taxes: 500,000 revenue from oil: 1300000 rent on land: 400000 wages to employees: 500000 taxes: 300000 trying to calculate this using expenditure, production and income approaches..
-
Answer:
Only income approach is possible. GDP=compensation of employers+rent+interest+propietor's income+corporate profits+indirect business taxes+depreciation+net foreign factor income.
sray496 at Yahoo! Answers Visit the source
Related Q & A:
- What Is GDP?Best solution by Yahoo! Answers
- How to approach Dynamic graph related problems?Best solution by Computer Science
- Is the creative approach appropriate for the target audience?Best solution by Quora
- Can you explain the difference between capital and revenue items of expenditure and income?Best solution by Yahoo! Answers
- What is the highest ever recorded GDP growth rate?Best solution by answers.yahoo.com
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.