Question: Question No. 1: The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ.

Question No. 1:

The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ.

Gross Private Domestic Investment

$300

Business Fixed Investment

$200

Change in Inventories

$100

Exports

$200

Imports

$200

Personal Consumption Expenditures

$800

Government Consumption Expenditures and Gross Investment

$500

Statistical Discrepancy

$10

Depreciation Expenditures

$50

a)Calculate net exports

b)Calculate GDP

c)Calculate national income

d)Assume that the GDP deflator is 120 and calculate real GDP for 2013.

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