Вариант 4
Task 1. Using information in the table, please, calculate 1) GDP by expenditure and income approaches
Gross domestic investment
2215
Transfer payments
52
Export
235
Corporate profits
1343
Import
1000
Compensation of employees
7322
Indirect Business Taxes
1004
Rental Income
77
Depreciation
1548
Proprietors income
1008
Government expenditures
2479
Household Consumption
9079
Dividend
9
Interest income
706
Expenditure approache. Y=C+I+GE+(X-Im)=9079+2215+2479+(235-1000)=9079+2215+2479-765=13008
Income approache. Y=52+1343+7322+1004+77+1548+1008+9+706=130069
Task 2. Knowing the definition of GDP, please, explain why social payments are not included in the government purchases.
Gross domestic product (GDP) the market value of all final goods and services produced within a country in a given period of time. When
calculating GDP by expenditure approach, the expenditures of all economic agents are summed up: households, firms, the state.
