Explore BrainMass

Explore BrainMass

    Calculating GDP and Net Exports

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:50 pm ad1c9bdddf

    Solution Preview

    Net Exports= Exports-Imports
    =$.2 trillion
    GDP as per expenditure method:

    GDP = private consumption + ...

    Solution Summary

    Response provides the steps to compute the GDP and net exports.