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Given the Expenditure Side of Aggregate Output in the Economy

07 Aug

5. Given the Expenditure Side of Aggregate Output in the Economy: 


? Personal Consumption $200

? Government Purchases 50

? Gross Private Investment 40

? Exports 30

? Imports 40

a) Calculate the Gross Domestic Product

b) Calculate the Net Exports

c) Why only Final Sale Prices are included in the GDP?


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