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The following Table shows the GDP data (billions of dollars) for a nation. Use the data to answer the following questions: Billions of Dollars Personal
The following Table shows the GDP data (billions of dollars) for a nation. Use the data to answer the following questions: Billions of Dollars Personal Consumption Expenditure $1200 Personal Taxes 450 Exports 130 Depreciation 10 Government purchases 500 Gross Private Domestic Investment 400 Imports 140 Government Transfer Payments 120 A. Using the expenditures approach, compute Net exports B. Using the expenditures approach, compute Gross Domestic Product (GDP). C. Using the expenditures approach, compute Net Domestic Product (NDP). D. If GDP chain price index is 105, compute the Real GDP. E. If the population is 100 million, compute the Real GDP per capita? (Show all formulas and all your calculations)
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