Business, 04.07.2020 21:01 liliaboop2012
This question examines the expenditures approach to calculating GDP. You will use data on different macroeconomic expenditures to calculate the value of nominal GDP, and its four components, in a particular year.
Below, you are provided data on macroeconomic expenditures last year in Asartaland:
Durable Goods: $25 Imports: $6
Gross Investment: $23 Services: $20
Nondurable Goods: $18 Depreciation: $8
Exports: $11 Government Purchases: $35
Task 1: Calculate the value of consumption in the economy of Asartaland.
Task 2: Calculate the value of net investment in the economy of Asartaland.
Task 3: Calculate the value of government purchases in the economy of Asartaland.
Task 4: Calculate the value of net exports in the economy of Asartaland.
Task 5: Following the expenditures approach, calculate the value of nominal GDP of Asartaland.
Answers: 1
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This question examines the expenditures approach to calculating GDP. You will use data on different...
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