Calculating GDP Macroeconomics

GDP Calculation

Consumption $300 Imports $30
Government Purchases 150 Exports  80
GNP 700    
Gross Private Dom. Invest. 100    

a. Using the data in the table above, GDP is equal to _______.

b. Using the data in the table above, NX (Net exports) is equal to ________.

c. Using the data in the table above, PCE (Personal Consumption Expenditure) is equal to __________.

d. If the dollar amounts of the items above are the nominal amounts in year 2009, and the quantites of units are identical in years 2000 and 2009 but prices in 2000 were 30% less than 2009, Real GDP in 2009 using 2000 as the base year is equal to __________.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.