Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment,
Question:
Suppose GDP is $16 trillion, with $10 trillion coming from consumption,
$2 trillion coming from gross investment, $3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. From these figures, we see that net domestic product equals:
a. $17.0 trillion
b. $16.0 trillion
c. $15.5 trillion
d. none of the above
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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