Calculating GDP and Net Exports
Not what you're looking for?
Given the following information:
(all dollar amounts in trillions)
Personal consumption expenditures $3.0
Net private domestic investment 1.4
Depreciation 0.2
Government purchases of goods and services 2.0
Exports 0.5
Imports 0.3
Foreign factor income 0.1
- Compute the GDP
- Compute the net exports.
Purchase this Solution
Solution Summary
Response provides the steps to compute the GDP and net exports.
Solution Preview
Net Exports= Exports-Imports
=.5-.3
=$.2 trillion
GDP as per expenditure method:
GDP = private consumption + ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.