Question

1. Calculate GDP at mp
Particular
in cr
1)national income 6,700
li) consumption of fixed
capital
180
lii)factor income from
abroad
100
Iv)indirect taxes 130
V) subsidies
70
vi)factor income to abroad 150​

Answer 1

Answer:

The U.S. GDP is primarily measured based on the expenditure approach. This approach can be calculated using the following formula: GDP = C + G + I + NX (where C=consumption; G=government spending; I=Investment; andNX=net exports). All these activities contribute to the GDP of a country.