题目
题目

BECO011 2025 Sample Final Exam for Practice

简答题

Using the following information calculate the GDP for this economy: Consumption of $5 000 Investment of $10 000 Government purchases of $3 000 Government transfer payments of $1 000 Exports of $6 000 Imports of $5 000

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标准答案
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思路分析
To compute GDP, we use the expenditure approach: GDP = C + I + G + NX, where NX stands for net exports (exports minus imports). First, note that government trans......Login to view full explanation

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类似问题

If consumption is $4000, exports are $300, government purchases are $1000, imports are $400, and investment is $800, then GDP is $5700.

Refer to the data in Table 1 below and answer the question that follows: Table 1: Economic Indicators for Uniland in 2016/17 [table] Item | $ billions Household consumption expenditure | 70 Private (firms) investment expenditure | 60 Public (government) investment expenditure | 35 Government consumption | 25 Transfer payments | 15 Exports | 11 Imports | 4 [/table] Calculate gross domestic product for Uniland for 2016/17.

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To avoid double counting in the calculation of GDP, which types of goods are typically excluded from the calculation?

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