The following table shows the macroeconomic data in a given country in 2019. Table 13 Item...

 

Transcribed Image Text:

The following table shows the macroeconomic data in a given country in 2019. Table 13 Item Consumption Consumption of Durable Goods Consumption of Non Durable Goods Consumption of Services Investment Fixed Investment Government Transfer Payments Exports Imports Amount in dollars (billions) GDP Equals 7,300 1,500 2,700 Government purchases of Goods & Services 1,680 3,100 2,750 1,000 450 780 1,600 Refer to Table 13. Calculate the value of GDP in this country in 2019. Show your work. (Show your work to earn credits. No Work, No Credit.) The following table shows the macroeconomic data in a given country in 2019. Table 13 Item Consumption Consumption of Durable Goods Consumption of Non Durable Goods Consumption of Services Investment Fixed Investment Government Transfer Payments Exports Imports Amount in dollars (billions) GDP Equals 7,300 1,500 2,700 Government purchases of Goods & Services 1,680 3,100 2,750 1,000 450 780 1,600 Refer to Table 13. Calculate the value of GDP in this country in 2019. Show your work. (Show your work to earn credits. No Work, No Credit.)

Answer rating: 100% (QA)

GDP Consumption Investment Go... View the full answer