Production Import Export Consumption Price Good A 68 68 57 Good B 68 68 40 Good C 86 86 87 Good D 74 74 37 Given the information above, calculate the following for 2018: (a) Total Consumption Expenditure (b) Net Export (c) Gross Domestic Product

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 5CQQ
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Question
Production
Import
Export
Consumption
Price
Good A
68
68
57
Good B
68
68
40
Good C
86
86
87
Good D
74
74
37
Given the information above, calculate the following for 2018:
(a) Total Consumption Expenditure
(b) Net Export
(c) Gross Domestic Product
..
Transcribed Image Text:Production Import Export Consumption Price Good A 68 68 57 Good B 68 68 40 Good C 86 86 87 Good D 74 74 37 Given the information above, calculate the following for 2018: (a) Total Consumption Expenditure (b) Net Export (c) Gross Domestic Product ..
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