16. ● ● Write the name of the three missing categories of expenditure that contribute to a country's GDP. exports Draw a picture that accurately represents each category. Several pictures or categories are already filled in for you. consumption + + + GDP

16. ● ● Write the name of the three missing categories of expenditure that contribute to a country's GDP. exports Draw a picture that accurately represents each category. Several pictures or categories are already filled in for you. consumption + + + GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 1999 in the economy of Microtania, Consumption was $7, Investment was $5, Government spending was $8, Exports were $1, and Imports were $4. What was Microtania’s GDP?
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Use the expenditure approach to calculate GDP. GDP is _____
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