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Calculate us gdp using the income approach

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Reference no: EM133079185

There is a plant in US owned by Japanese shareholders. In 2018, this plant:

Earns $160 million in revenue.

Buys $40 million of steel, aluminum and glass that it uses to construct cars.

Pays $25 million to shareholders in Japan.

Pays $15 million of taxes to the US Federal Government.

Pays $60 million to US workers.

Buys $20 million of robots from a Korean robot producer. This firm is located in Korea. It has no US shareholders or workers.

Calculate US GDP using the income approach and production approach.

Reference no: EM133079185

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