Essay
The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet, the currency of country XYZ.
a.Calculate net exports
b.Calculate GDP
c.Calculate national income
d.Assume that the GDP deflator is 120 and calculate real GDP for 2003.
Correct Answer:
Verified
a.F = X - M = $200 - $200 = 0
b.GDP = C ...View Answer
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Correct Answer:
Verified
b.GDP = C ...
View Answer
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