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Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538 Exercise 4
The accompanying chart presents 2012 data from the national-income accounts of the United States.
a. Indicate the various components of GDP when it is derived by the expenditure approach. Calculate GDP using the expenditure approach.
b. Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate GDP using the resource cost-income approach.
a. Indicate the various components of GDP when it is derived by the expenditure approach. Calculate GDP using the expenditure approach.b. Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate GDP using the resource cost-income approach.
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Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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