Given the Expenditure Side of Aggregate Output in the Economy: Personal Consumption $200 Government Purchases
Question:
• Personal Consumption $200
• Government Purchases 50
• Gross Private Investment 40
• Exports 30
• Imports 40
a) Calculate the Gross Domestic Product
b) Calculate the Net Exports
c) Why only Final Sale Prices are included in the GDP?
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a Now GDP Personal consumption Government Purchases Gross Private Investments Net Exports ...View the full answer
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Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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