Expenditure approach to gdp given the following annual, Ask an Expert

Economics

(Expenditure Approach to GDP) Given the following annual information about a hypothetical country, answer questions a through d.

Billions of Dollars

Personal consumption expenditures $200 Personal taxes 50

Exports 30

Depreciation 10

Government purchases 50

Gross private domestic investment 40

Imports 40

Government transfer payments 20

a. What is the value of GDP?

b. What is the value of net domestic product?

c. What is the value of net investment?

d. What is the value of net exports?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91719765

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