Question
The table shows some of the items in the U.S. National Income and Product Accounts in 2008 Item Amount (trillions of USD) Consumption expenditure 10.0
- The table shows some of the items in the U.S. National Income and Product Accounts in 2008
Item
Amount (trillions of USD)
Consumption expenditure
10.0
Government expenditure
2.9
Indirect taxes less subsidies
0.8
Depreciation
1.9
Net factor income from abroad
0.2
Investment
2.1
Net exports
-0.7
Statistical discrepancy
0
Item | Amount (trillions of USD) |
Consumption expenditure | 10.0 |
Government expenditure | 2.9 |
Indirect taxes less subsidies | 0.8 |
Depreciation | 1.9 |
Net factor income from abroad | 0.2 |
Investment | 2.1 |
Net exports | -0.7 |
Statistical discrepancy | 0 |
Use the expenditure approach to calculate U.S. GDP in 2008.
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International Political Economy
Authors: Thomas Oatley
6th Edition
1138490741, 9781138490741
