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i know the answers are online however, i need an original answer please. 2. Using the expenditure approach, calculate GDP using the followingdata (pleasedo not
i know the answers are online however, i need an original answer please.
2. Using the expenditure approach, calculate GDP using the followingdata (pleasedo not just put a total but show what was added).
Item | Amount in dollars (billions) |
Total Consumption | 9,000 |
Consumption of Durable Goods | 1,600 |
Consumption of Non Durable Goods | 2,800 |
Consumption of Services | 3,200 |
Total Investment | 4,500 |
Fixed Investment | 1,000 |
Government purchases of Goods & Services | 5,300 |
Government Transfer Payments | 450 |
Exports | 700 |
Imports | 9,600 |
GDP Equals |
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