Calculating GDP Macroeconomics
GDP Calculation
| Consumption | $300 | Imports | $30 |
| Government Purchases | 150 | Exports ; | 80 |
| GNP | 700 | ; | ; |
| Gross Private Dom. Invest. | 100 | ; | ; |
a. Using the data in the table above, GDP is equal to _______.
b. Using the data in the table above, NX (Net exports) is equal to ________.
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c. Using the data in the table above, PCE (Personal Consumption ;Expenditure) is equal to __________.
d. If the dollar amounts of the items above are the nominal amounts in year ;2009, and the quantites 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 __________.
