The table in the next column lists some national accounts data for the United States in 2008.

Question:

a. Calculate U.S. GDP in 2008.

Item Billions of dollars Wages 8,000 Consumption expenditure 10,000 Other factor incomes 3,200 Investment 2,000 Government expenditure 2,800 Net exports −700 Depreciation 1,800

b. Explain the approach (expenditure or income)
you used to calculate GDP.

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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Question Posted: Nov 05, 2024 04:00 AM

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The table in the next column lists some national accounts data for the United States in 2008.

Question:

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Macroeconomics

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