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Answer :
Final answer:
The value of indirect taxes less subsidies plus depreciation in 2006 is $2.5 trillion, which is calculated by subtracting net domestic income at factor cost ($10.4 trillion) from GDP ($12.9 trillion).
Explanation:
The question is asking for the calculation of indirect taxes minus subsidies plus depreciation using the income approach of GDP. Based on the income approach, GDP can also be calculated as the sum of net domestic income at factor cost plus indirect taxes minus subsidies, and plus depreciation.
Given that the U.S. GDP in 2006 is $12.9 trillion and the net domestic income at factor cost is $10.4 trillion, we can find the missing value (indirect taxes less subsidies plus depreciation) by subtracting net domestic income at factor cost from GDP.
$12.9 trillion (GDP) - $10.4 trillion (Net domestic income at factor cost) = $2.5 trillion
Therefore, the value of indirect taxes less subsidies plus depreciation in 2006 is $2.5 trillion, which corresponds to option A.
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