What is value of net domestic product. what is value of net, Ask an Expert

Economics

Q. (Expenditure Approach to GDP) Given following annual information about a hypnotically 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 value of GDP?

b. What is value of net domestic product?

c. What is value of net investment?

d. What is value of net exports?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307663

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