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    Gross Domestic Product Calculation

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    DATA ARE IN TRILLIONS OF DOLLARS
    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
    The economy's GDP is _________ trillion.
    a. 6.6 b. 6.8 c. 7.2 d. 7.4.

    The economy's GNP is _________ trillion.
    a. 6.6 b. 6.7 c. 6.9 d. 7.9.

    The economy's net exports are _________ trillion.
    a. 0.4 b. 0.5 c. 0.3 d. 0.2.

    © BrainMass Inc. brainmass.com October 9, 2019, 3:47 pm ad1c9bdddf
    https://brainmass.com/economics/principles-of-mathematical-economics/gross-domestic-product-calculation-13161

    Solution Preview

    GDP = 3.0 + 1.4 + 2.0 + 0.5 - 0.3 = 6.6 trillion.
    <br>GNP = 6.6 + 0.1 = 6.7 ...

    Solution Summary

    This solution calculates the GDP (Gross Domestic Product), GNP (Gross National Product) and net exports based on the data provided.

    $2.19