GDP Calculation??????

Jul 18th, 2014
FratBro23
Category:
Economics
Price: $5 USD

Question description

Consumption

$300

Imports

$30

Government Purchases

150

Exports 

80

GNP

700

Gross Private Dom. Invest.

100

  •    Using the data in the table above, GDP is equal to?.
  •      Using the data in the table above, NX (Net exports) is equal to?
  •      Using the data in the table above, PCE (Personal Consumption Expenditure) is equal to?
  •      If the dollar amounts of the items above are the nominal amounts in year 2009, and the quantities of units are identical in years 2000 and 2009 but prices in 2000 were 30% less than 2009, Real GDP in 2009 using 2000 as the base year is equal to?

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