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Please check my work to see if answers are correct, thank you! use the data chart to answer the questions below. Consumption Government Expenditures GNP
Please check my work to see if answers are correct, thank you!
use the data chart to answer the questions below. Consumption Government Expenditures GNP Gross Private Domestic Investment Imports Exports Questions: $500 $200 $800 $100 $100 $50 2_ 3_ Using the data above, GDP is equal to $750 Using the data above, Net Exports is equal to $-50 Using the data above, PCE (Personal Consumption Expenditure) is equal to $500 If the dollar amounts of the items above are the nominal amounts in year 2017, and the quantities of units are identical in years 2010 and 20171 but prices in 2010 were 20% less than 2017, Real GDP in 2017 using 2010 as the base year is equal to $625
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