Question: Using the information in the table below, calculate GDP. Item Dollars Consumption expenditure .............................. 800 Investment ................................................ 400 Government expenditure ............................... 200 Exports .................................................... 50

Using the information in the table below, calculate GDP.
Item Dollars
Consumption expenditure .............................. 800
Investment ................................................ 400
Government expenditure ............................... 200
Exports .................................................... 50
Imports .................................................... 75
Depreciation ............................................. 100

Step by Step Solution

★★★★★

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The GDP equals the sum of consumption exp... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

817-B-E-M-E (7357).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

The table below gives some of the items in the U.S. National Income and Product Accounts in 1995. Suppose the statistical discrepancy equals $0. Item Amount (trillions of dollars) Consumption...

The transactions in Jupiter last year are in the table given below. Item Dollars GDP 1400.000 Consumption expenditure .. 700.000 Taxes 350.000 Transfer payments .. 150.000 Profits . 300.000...

Multiple Choice Questions: 1. Investment includes? a. Fixed investment. b. Fixed investment plus government investment. c. Fixed investment plus additions to business inventories. d. Fixed investment...

MACROECONOMICS Question 2 Marks: 2121 The following information is provided about an open economy with a government. Use the information to answer the questions that follow: C = 450 + {1.41\" I: 35f]...

-4assa:412 Marks Q1-A: The table shows data for the Hypothetical Australian economy in 2023. Calculate the following from the given data. Items Billions of $ Australian Consumption expenditure $1000...

The second question in macroeconomics refers to a mapping from goods and services to subjective well-being. That is, why do we care about economic growth, after all?In macroeconomics there are two...

The table below shows data for the Hypothetical Australian economy in 2023. Calculate the following from the given data. Items Billions of $ Australian Consumption expenditure $2000 Investment $400...

Hiii, could you please help me with this economic question? Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Consumption 1700...

step by step explanations and list formula used beforehand please! Use the data to calculate the following: (a)GDP ( Hint : use the balance between sources and uses) (b)Net domestic product at market...

The table in the next column lists some national accounts data for the United States in 2019. a. Calculate U.S. GDP in 2019. b. Explain the approach (expenditure or income) you used to calculate GDP....

An ABCNEWS Poll found that Americans now have relatively warm feelings toward Russia, a former adversary. The poll, conducted by telephone among a random sample of 1043 adults, found that 647 of...

Former New York governor, Eliot Spitzer, ob-served that when one examines the data from the United States over time, there is no correlation between higher marginal tax rates and slowing economic...

Check my work ( 1 ) Required information During Year 2 , Omark Company sold merchandise costing $ 1 2 0 , 0 0 0 for $ 1 6 0 , 0 0 0 . Customers returned 1 0 % of the merchandise, and a 2 % cash...

Use R to draw a stratified sample from the 12 provinces. a. Explain the choice of sample sizes within each of the provinces. b. Estimate the means of the numerical variables and provide an estimate...

Using the information provided in the news clip, which types of unemployment were present in the U.S. economy in January 2016? Unemployment falls to 4.9 percent, lowest in 8 years U.S. unemployment...

The Bureau of Labor Statistics reported that in the second quarter of 2008 the working-age population was 233,410,000, the labor force was 154,294,000, and employment was 146,089,000. Calculate for...

Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a...

Moving to another question will save this response Quin 1921 Question 19 3 points "A company is selling Toyota cars. An Islamic bank invests USD 10 million for a 50% profit share. The investor...

Martin is offered an investment where for $5,000 today, he will receive $5,250 in one year. He decides to borrow $5,000 from the bank to make this investment. What is the maximum interest rate the...