Question

ECNS 2027A0 2020303026: Quiz: Macroeconomic Measures: GDP and Economie ENGLISH - UNITED STATES (EN_US) Quiz: Macroeconomic Measures: GDP and I midnight on Mon, 3/30) Your boss has asked you to calculate the needed figures for a government report. The figure you need to calculate is the GDP using the numbers in the table. What is the GDP? Government Purchases $158 billion Depreciation $28 billion Consumption $427 billion Investment $43 billion Exports $87 billion Imports $103 billion Income receipts from rest of the world $7 billion Income payments to rest of the world $5 billion Problem set (before class on 3/30) - GDP and Economic Growth Jump to... You are logged in as Jada Maynor (Log out) ECNS 202 7A0 2020303026 Data retention summary Get the mobile app

Answer 1

ANSWER = GDP= 612 BILLION

GDP= C+I+G+(X-M)

C= CONSUMPRTION, I= INVESTMENT, G-GOVERNMENT EXPENDITURE , X= EXPORT, M= IMPORT

= 427+43+158+(87-103)

=628+-16

=612