Item Personal consumption expenditure Government expenditure on goods and services Net taxes Gross private domestic investment Imports of goods and services Exports of goods and services Millions of dollars 80 30 35 20 10 20 Using the information in the table above, calculate the value of GDP.
Item Personal consumption expenditure Government expenditure on goods and services Net taxes Gross private domestic investment Imports of goods and services Exports of goods and services Millions of dollars 80 30 35 20 10 20 Using the information in the table above, calculate the value of GDP.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQP
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Transcribed Image Text:Item
Personal consumption expenditure
Government expenditure on goods
and services
Net taxes
Gross private domestic investment
Imports of goods and services
Exports of goods and services
Millions of
dollars
80
30
35
20
10
20
Using the information in the table above, calculate the value of GDP.
Enter only the whole number of millions of dollars (no units)
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