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GDP

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Billions of
Dollars

Personal Consumption expenditures 200
Personal taxes 50
Exports 30
Depreciation 10
Government Purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20

A. What is the value of GDP?
B. What is the value of net domestic product?
C. What is the value of net investment?
D. What is the value of net exports?

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Solution Summary

GDP is depicted. The value of the net domestic products, net investments and net exports are determined.

Solution Preview

A. GDP is the sum total of private consumption, government expenditure, gross investment, and net exports.

GDP = C + I + G + X - M

Given the values above, ...

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