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Calculating GDP Assume that a nation had the following expenditures. Calculate this nation's GDP. Government spending $290 Billion Consumer spending $110 Billion Investment spending $280

Calculating GDP

Assume that a nation had the following expenditures. Calculate this nation's GDP.

Government spending $290 Billion

Consumer spending $110 Billion

Investment spending $280 Billion

Exports $210 Billion

Imports $260 Billon

Calculating inflation rates using index numbers.

Assume that a nation had a CPI of 220 this year and 214 last year. What was the rate of inflation?

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