The table below sets out some data for country x in

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Reference no: EM13377707

The table below sets out some data for Country X in 2007.

Item Amount

(in billions of dollars)

Consumption expenditure 289

Government expenditure 99

Interest and investment income 33

Profit of corporations and government enterprises 65

Income from farms and unincorporated businesses 40

Gross investment 146

Exports 36

Imports 22

Wages, salaries, and supplementary labour income 275

Capital consumption allowance 60

Indirect taxes less subsidies 75

a. Calculate net exports.

b. Use the expenditure approach to calculate GDP.

c. Use the income approach to calculate GDP.

d. Calculate net domestic product (at factor cost).

e. Calculate net domestic income (at market price).

Reference no: EM13377707

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