Compute personal consumption expenditure and net exports


Consumption

$300

Imports

$30

Government Purchases

150

Exports 

80

GNP

700

 

 

Gross Private Dom. Invest.

100

 

 

Using the data in the table above, GDP is equal to?.
Using the data in the table above, NX (Net exports) is equal to?
Using the data in the table above, PCE (Personal Consumption Expenditure) is equal to?
If the dollar amounts of the items above are the nominal amounts in year 2009, and the quantities of units are identical in years 2000 and 2009 but prices in 2000 were 30% less than 2009, Real GDP in 2009 using 2000 as the base year is equal to?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Compute personal consumption expenditure and net exports
Reference No:- TGS0510869

Expected delivery within 24 Hours