Assume that a national accountant has access to the following information about the production and expenditures for a given economic territory during an accounting period.

Domestic production = 1000
Imports = 200
Nonprofit institutions serving households final consumption expenditure = 50
Gross capital formation = 100
Exports = 200
Government final consumption expenditure = 300
Taxes less subsidies on products = 100
Intermediate consumption = 0
Household final consumption expenditure = 400
What is the estimate of GDP according to the expenditure approach?



a) 850

b) 1,050

c) 950

d) 800
unanswered