Answer:
Explanation:
Giving the following information:
Consumption 4,500
Gross Investment 1,200
Depreciation 655
Profits 655
Exports 500
Compensation of Employees 5240
Government Purchases 900
Direct Taxes 750
Saving 546
Imports 550
A) GDP=C+I+G+/-NX
GDP= 4,500 + 1,200 + 900 + 500 - 550= 6,550
B) GDP Formula = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income
GDP= 655 + 750 + 655 + 5,240= 7,300
Total national income = Sum of rent, salaries, profit.
Sales Taxes = Tax imposed by a government on sales of goods and services.
Depreciation = the decrease in the value of an asset.
Net Foreign Factor Income = Income earn by a foreign factor like the amount of foreign company or foreign person earn from the country and it is also the difference between a country citizen and country earn.
