Question
A country has the following statistics for 2019; Net export= N$ 2000, Export N$4750, Import=N$6750, Private consumption expenditure=N$5000, Government expenditure =N$3534, Investment expenditure=N$8000 and Income
A country has the following statistics for 2019;
Net export= N$ 2000,
Export N$4750,
Import=N$6750,
Private consumption expenditure=N$5000,
Government expenditure =N$3534, Investment expenditure=N$8000 and
Income from abroad= N$45000
a) What is the total value of production (GDP of this country if the total spending equals the total value of production?
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
