Citiscloset
New member
Hello,
The question(s) below are based on the following information:
Personal consumption expenditures =2,100 billion
Gross private domestic investment= 500 billion
Government purchases of goods and services=700 bilion
Exports=450
Imports=500
Indirect business taxes=300
Net private domestic investment=150
8. How much is Gross Domestic Product?
9. How much is Depreciation?
In order to find the GDP I must add Gross private domestic investment +Gross private domestic investment+ government purchases, then imports- minus exports correct?
The question(s) below are based on the following information:
Personal consumption expenditures =2,100 billion
Gross private domestic investment= 500 billion
Government purchases of goods and services=700 bilion
Exports=450
Imports=500
Indirect business taxes=300
Net private domestic investment=150
8. How much is Gross Domestic Product?
9. How much is Depreciation?
In order to find the GDP I must add Gross private domestic investment +Gross private domestic investment+ government purchases, then imports- minus exports correct?