Question
The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ. Gross Private Domestic
The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ. Gross Private Domestic Investment $300 Business Fixed Investment $200 Change in Inventories $100 Exports $200 Imports $200 Personal Consumption Expenditures $800 Government Consumption Expenditures and Gross Investment $500 Statistical Discrepancy $10 Depreciation Expenditures $50 a) Calculate net exports b) Calculate GDP c) Calculate national income d) Assume that the GDP deflator is 120 and calculate real GDP for 2013.
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