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    Measuring Gross Domestic Product

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    A) From the following data for the U.S.A., establish the amount of domestic output available for U.S. purchase and the total amount of goods and services available for U.S. purchase: GDP is $1000; gross exports equal $100 while gross imports are $150.

    (b) Does U.S. GDP always equal U.S. purchases of goods and services when there are international transactions?

    (c) What happen to U.S. GDP when U.S. imports increase ceteris paribus?

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    https://brainmass.com/economics/production/measuring-gross-domestic-product-united-states-12916

    Solution Preview

    The amount of domestic output available for U.S. purchase is $900-the $1000 U.S. GDP less the $100
    of U.S. output which is exported. The total amount of goods and services available for U.S. purchase is
    $1050-the $900 from ...

    Solution Summary

    Ideas are given to establish the amount of domestic output available for U.S. purchase and the total amount of goods and services available for U.S. purchase.

    $2.49

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