What is the value of net domestic product

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(Expenditure Approach to GDP) Given the following annual information about a hypothetical country, answer questions a through d.

Billions of Dollars

Personal consumption expenditures          $200 Personal taxes                           50

Exports                                                    30

Depreciation                                             10

Government purchases                               50

Gross private domestic investment               40

Imports                                                    40

Government transfer payments                     20

a. What is the value of GDP?

b. What is the value of net domestic product?

c. What is the value of net investment?

d. What is the value of net exports?

 

Reference no: EM131004017

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