Question

You have collected the following data: Compensation of employees 475, Proprietor's income 60, Corporate profit 40,...

You have collected the following data: Compensation of employees 475, Proprietor's income 60, Corporate profit 40, Net interest 25, Rental income 10, Depreciation 70, Indirect taxes 40, Direct taxes 80, Subsidies 15, Payments of factor income to the rest of the world 20,Receipts of factor income from the rest of the world 15. The value for gross domestic product in billions of dollars is
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Answer #1

NDPFC ​​​​​​​​ Compensation of employee + mixed-income + operating surplus

Compensation of employees + Proprietors income + Rental Income+ Net interest + Corporate Profit

475 + 60 + 10 + 25 + 40

NDPFC 610

GDPFC NDPFC + Depriciation

610 + 70

GDPFC 680

GDPMP ​​​​​​ GDPFC + Net indirect taxes( indirect taxes - subsidies)

680 + (40 - 15 )

705

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