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Business, 20.03.2020 12:32 vant

In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. All data are in billions of dollars. Category Value Consumption $9 comma 000.00 Gross investment 3 comma 200.00 Depreciation 1 comma 532.00 Profits 2 comma 297.25 Exports 850.00 Compensation of employees 11 comma 486.25 Government purchases 3 comma 200.00 Direct taxes 1 comma 150.00 Saving 3 comma 633.00 Imports 935.00 Using the expenditure approach, GDP is $ nothing billion. (Round your response to two decimal places.)

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In a simple economy, suppose that all income is either compensation of employees or profits. Suppose...
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