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