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Calculate GDP expenditure approach and depreciation The national accounts of Parchment Paradise are kept on you guessed it parchment A fire destroys the statistics office The accounts are now

Calculate GDP (expenditure approach) and depreciation. The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the following data: • GDP (income approach): $2,900 • Consumption expenditure: $2,000 • Indirect taxes less subsidies: $100 • Net operating surplus: $500 • Investment: $800 • Government expenditure: $400 • Wages: $2,000 • Net exports: –$200

Apr 29 2020 View more View Less

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