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5:04. Module 4 - Measuring Output and Inco... CJ This question examines the expenditures approach to calculating GDP. You will use data on different macroeconomic expenditures to calculate the value of nominal GDP, and its four components, in a particular year. Below, you are provided data on macroeconomic expenditures last year in Asartaland: $25 Durable Goods: $6 Imports: $23 Gross Investment: Services: $20 $18 Nondurable Goods: Depreciation: Exports: $35 Purchases: $8 $11 Government Task l: Calculate the value of consumption (durables, nondurables and services) in the economy of Asartaland. Task 2: Calculate the value of net investment (gross- depreciation) in the economy of Asartaland. Task 3: Calculate the value of government purchases in the economy of Asartaland. Task 4: Calculate the value of net exports (exports imports) in the economy of Asartaland. Task 5: Following the expenditures approach, calculate the value of nominal GDP (consumption, gross investment, government purchases and net exports) of Asartaland. Task 6: What is an example of the underground economy and why does it lead to GDP understatement? Dashboard Calendar Notifications Inbox