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Using the following table, what was country A's GDP in 2019? (Show your equation and your work for full credit!) (For 1 point extra credit,
Using the following table, what was country A's GDP in 2019? (Show your equation and your work for full credit!) (For 1 point extra credit, did they have a trade surplus or a trade deficit?)
The following table contains data for country A for the year 2019.
Household purchases of durable goods | $1,293 |
Household purchases of nondurable goods | $1,717 |
Household purchases of services | $301 |
Household purchases of new housing | $704 |
Purchases of capital equipment | $310 |
Inventory changes | $374 |
Purchases of new structures | $611 |
Depreciation | $117 |
Salaries of government workers | $1,422 |
Government expenditures on public works | $553 |
Transfer payments | $777 |
Foreign purchases of domestically produced goods | $88 |
Domestic purchases of foreign goods | $120 |
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