Calculate GDP from the figures in the table. Consumption is $258.

Expert Solution

Total Investment = Change in Inventory + Residential Investment + Non-Residential Investment

230 = Change in Inventory + 16 + 36

Change in Inventory = 230 - 16 - 36 = 178

Total Goverment Expenditure = Government Purchase + Government Invesment

168 = 44 + Government Invesment

Government Invesment = 168 - 44 = 124

Net Export = Total Export - Total Import

-36 = Total Export - 80

Total Export = 80 - 36 = 44

GDP = Consumption + Total Invesment + Total Government Expenditure + Net Export

GDP = 258 + 230 + 168 - 36 = 620

Rahul Sunny answered 2 years ago

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