Calculating GDP, Net Exports, and NNP

 

Based on the information in Table:

1. What is the value of GDP?
2. What is the value of net exports?
3. What is the value of NNP?

Government purchases	$120 billion
Depreciation	$40 billion
Consumption	$400 billion
Business Investment	$60 billion
Exports	$100 billion
Imports	$120 billion
Income receipts from rest of the world	$10 billion
Income payments to rest of the world	$8 billion

Answer rating: 100% (QA)

To calculate the value of GDP we can use the expenditure approach which sums up the components of sp... View the full answer