Calculate nations gdp for import of goods and services, Microeconomics

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Calculate nations gdp for import of goods and services

Assume a small nation has following statistics:its consumption expenditure is $15 million, investment is $2 million, government purchases of goods and services is $1 million, exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million. calculate this nations GDP.

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Microeconomics: Calculate nations gdp for import of goods and services

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Microeconomics: Calculate nations gdp for import of goods and services

Reference No:- TGS046250

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Auditors independence impaired with publicly held clients

Q : Prepare the necessary entries to clear the intangible assets

Q : Determine the initial supplemental income payment

Q : Determine the impact on net income

Q : Calculate nations gdp for import of goods and services

Q : How much child and dependent care credit can claim

Q : Determining the price to earnings ratio

Q : How to classify the internet service provided by companies

Q : Determining the current price of share

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Ask an Expert for Answer!!

Microeconomics: Calculate nations gdp for import of goods and services

Reference No:- TGS046250

Recent Questions Asked Microeconomics

Q : Auditors independence impaired with publicly held clients

Q : Prepare the necessary entries to clear the intangible assets

Q : Determine the initial supplemental income payment

Q : Determine the impact on net income

Q : Calculate nations gdp for import of goods and services

Q : How much child and dependent care credit can claim

Q : Determining the price to earnings ratio

Q : How to classify the internet service provided by companies

Q : Determining the current price of share

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