Question
The national income accounting statistics of an imaginary economy is given as follows: Total final individual consumption 500 Government final spending300 Gross investment200 Import of
The national income accounting statistics of an imaginary economy is given as follows:
- Total final individual consumption 500
- Government final spending300
- Gross investment200
- Import of goods and services400
- Export of goods and services600
a) Calculate the nominal GDP
b) If the GDP deflator is 105, what is the real GDP?
c) If the GDP deflator is 97, what is the real GDP?
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Crafting and Executing Strategy The Quest for Competitive Advantage
Authors: Arthur Thompson, Margaret Peteraf, John Gamble, A. J. Strickland III
19th edition
78029503, 978-0078029509
