# macroeconomics

Show that the expenditure approach and the income approach add up to the same figure:

consumption \$5000
investment \$1000
depreciation \$600
Profits \$900
Exports \$500
Compensation of Employees \$5,300
Government purchases \$1000
Direct Taxes \$800
Saving \$1100
Imports \$700

How do we know that calculating GDP by the expenditure approach yields the same answer as calculating GDP by the income approach?

1. 👍 0
2. 👎 0
3. 👁 70

## Similar Questions

1. ### Statistics

The weather forecaster reports that the probability of rain tomorrow is 10%. a. Which approach was used to arrive at this number? Was it the analytical (classical) approach, relative frequency approach or subjective approach?

asked by Rhea on October 5, 2010
2. ### IT210

When building a house, a structured, modular approach is better than a haphazard approach. Explain how a structures approach relates to developing programs and why using an organized approach is important. Post a simple

asked by Anonymous on September 16, 2010
3. ### EA

Where would you most likely find a token economy as a form of classroom management? A) RRP approach B) Contract approach C) Contingency management approach D) RIP approach

asked by Darla on February 13, 2010
4. ### econ

National Accounting (the value of GDP should be the same all along the exercice) Say that PmQ = 20 (market value of domestic production), J = 5 (imports), FC = 8.5 (total final consumption), IC = 4 (intermediate consumption), IT =

asked by AJ Kerin on September 11, 2007
5. ### HCA 220

I need help with an assignment that is due today and I am totally lost. All I need is for someone to point me in the right direction. For example, The approach is body planes and directions; what is the approach and how might the

asked by CD on March 30, 2008
6. ### Science

You are a Chemical engineer, trying to synthesize N2H4(l). Your boss suggests that you try to synthesis it from the elements, nitrogen and hydrogen, at 25 celsius and 1.0 atm (since this would be a cheap way of doing it). Write a

asked by Sue on July 26, 2012
7. ### Economics

Personal consumption expenditures \$245 Net foreign factor income 4 Transfer payments 12 Rents 14 Statistical discrepancy 8 Consumption of fixed capital (depreciation) 27 Social Security contributions 20 Interest 13 Proprietorsâ€™

asked by Anonymous on June 25, 2013
8. ### math

Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then the following function measures the economy's savings corresponding to an income of x billion

asked by Smantha on October 19, 2012
9. ### Math

Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then the following function measures the economy's savings corresponding to an income of x billion

asked by Samantha on October 19, 2012
10. ### Teacher Aide

Where would you most likely find a token economy as a form of classroom management? A} RRP B} Contract approach C} Contingency management approach D} RIP approach

asked by liana on March 23, 2010

More Similar Questions