# Gross Domestic Product Calculation

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.

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.

$2.49