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The following data summarize the expenditures for the country of XYZ during 2003 in millio

The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet, the currency of country XYZ.

 

Gross Private Domestic Investment

$300

Business Fixed Investment

$200

Change in Inventories

$100

Exports

$200

Imports

$200

Personal Consumption Expenditures

$800

Government Consumption Expenditures and Gross Investment

$500

Statistical Discrepancy

$10

Depreciation Expenditures

$50

a. Calculate net exports

b. Calculate GDP

c. Calculate national income

d. Assume that the GDP deflator is 120 and calculate real GDP for 2003.

96) Given the following information, calculate personal consumption expenditures.

 

GDP

$5,000

Gross Private Domestic Investment

$1,500

Government Consumption Expenditures and Gross Investment

$1,000

Net Exports

-$500

97) What are some of the issues associated with the consumer price index?

 

Dec 07 2019 View more View Less

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