measuring the GDP assignmnt within 12 h

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measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h measuring the GDP assignmnt within 12 h

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In-class Activity #-Measuring the GDP Solve the following GDP related problems and submit your group report. 1. Problems 1 and 3, McConnell & Brue & Flynn textbook, p. 566. 2. Problem 4-7, McConnell & Brue & Flynn textbook, pp. 566-567. 3. (The following national income data are in billions of dollars.) Disposable Income $200 Net Private Domestic Investment 40 US Imports 15 National Income 300 Personal Taxes 31 Net Exports 9 Gross Private Domestic Investment 55 Net Forelgn Factor Income 10 Statistical Discrepancy 0 Refer to the above data, what are this nation's exports.
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Explanation & Answer

Attached.

Surname 1
Name
Supervisor
Course
Date

Answer
a) GDP in year 1
GDP = price of quarts ($4 x 3) + price of shampoo ($3 x 1) + price of the peanut butter ($2 x 3)
Therefore, the GDP for year 1 = $12 + $3 + $6 = $21
b) GDP in year 2
GDP = price of quarts ($4 x 5) + price of shampoo ($3 x 2) + price of the peanut butter ($2 x 2)
Therefore, the GDP for year 2 = $20 + $6 + $4 = $30

Answer
The amount the two transactions add to the personal consumption expenditures is $160,000
This is gotten as follows;
= income of the retailer + grower’s income

Surname 2
= (160000 − 70000) +...


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