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ECO 2251

Data for the country Upper Mongoose is given in the table below:




Category

Value




Net exports

$50 billion




Value of new goods and services produced in the underground economy

$80 billion




Personal consumption expenditures

$450 billion




Value of the services of stay-at-home parents

$30 billion




Gross domestic investment

$100 billion




Government purchases

$100 billion




Total

$810 billion


What is Upper Mongoose’s GDP for the year? $ billion

What is the size of the underground economy as a percentage of GDP? %

By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP? %
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