Q no 16 Calculate U.S. GDP in 2009? Use the following data to work question 16 . The table lists some macroeconomic data for the United States in 2009. Item Billions of dollars Wages paid to labor 8,000 Consumption expenditure 10,000 Net operating surplus 3,400 Investment 1,500 Government expenditure 2,900 Net exports –340

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
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Chapter19: The Macroeconomic Perspective
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Problem 17RQ: What are typical GDP patterns for a high-income economy like the United States in the long run and...
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Q no 16 Calculate U.S. GDP in 2009?

Use the following data to work question 16 . The table lists some macroeconomic data for

the United States in 2009.

Item

Billions of dollars

Wages paid to labor

8,000

Consumption expenditure 10,000

Net operating surplus

3,400

Investment

1,500

Government expenditure

2,900

Net exports

–340

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