In billions: Proprietor\'s income:300 Capital consumption allowance:440 Federal

Question

In billions:
Proprietor's income:300
Capital consumption allowance:440
Federal government purchases of goods and services:200
Compensation of employees:800
Personal consumption expenditures:950
Corporate profits:900
Exports:60
Gross private domestic investment:500
Rental income:30
State and local government purchases of goods and services:150
Net interest :100
Federal government deficit:250
Imports:90



Equation: C + I + G (X-M)=GDP


According to the table, when using the expenditure approach, GDP is:

Explanation / Answer

300+400+200+800+900+950-60+500+30+150+100+250+9 = 4410

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