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Given the following data for the economy, compute the value of GDP. 83 90 103 141 Government purchases of goods and services Consumption expenditures Exports Imports Change in inventories Construction of new homes and apartments Sales of existing homes and apartments Government payments to retirees Business fixed investment 20 50 20 12 -7 20 30 20 12

Given the following data for the economy, compute the value of GDP. 83 90 103 141 Government purchases of goods and services Consumption expenditures Exports Imports Change in inventories Construction of new homes and apartments Sales of existing homes and apartments Government payments to retirees Business fixed investment 20 50 20 12 -7 20 30 20 12

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.3P
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Given the following data for the economy, compute the value of GDP. 83 90 103 141 Government purchases of goods and services Consumption expenditures Exports Imports Change in inventories Construction of new homes and apartments Sales of existing homes and apartments Government payments to retirees Business fixed investment 20 50 20 12 -7 20 30 20 12
Transcribed Image Text:Given the following data for the economy, compute the value of GDP. 83 90 103 141 Government purchases of goods and services Consumption expenditures Exports Imports Change in inventories Construction of new homes and apartments Sales of existing homes and apartments Government payments to retirees Business fixed investment 20 50 20 12 -7 20 30 20 12
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