What is the value of net domestic product


Assignment: (Expenditure Approach to GDP)

Given the following annual information about a hypothetical country, answer questions a through d.
Billions of Dollars
Personal consumption expenditures $200
Personal Taxes 50
Exports 30
Depreciation 10
Government Purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20

Question 1: What is the value of GDP?

Question 2: What is the value of net domestic product?

Question 3: What is the value of net investment?

Question 4:  What is the value of net exports?

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Microeconomics: What is the value of net domestic product
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