Fixed Investments include new construction and new capital goods.How do I do GDP Calculation on a spreadsheet ?Indirect Business Taxes600Depreciation 950Net change in Business Inventory50Compensation of Employees5,400Corporate Profits700Durable Goods600Local Government Spending250Exports100Social Security Taxes360Transfer Payments300Fixed Investments950Total Government Spending800Imports150State Government Spending250Net Interest500Non-durable Goods2,000Personal Taxes1,000Rental Income200Services 4,000Federal Government Spending300

GDP:GDP calulation can be shown as follows:

Answered: Fixed Investments include new…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Fixed Investments include new construction and new capital goods.

How do I do GDP Calculation on a spreadsheet ?

Indirect Business Taxes	600
Depreciation	950
Net change in Business Inventory	50
Compensation of Employees	5,400
Corporate Profits	700
Durable Goods	600
Local Government Spending	250
Exports	100
Social Security Taxes	360
Transfer Payments	300
Fixed Investments	950
Total Government Spending	800
Imports	150
State Government Spending	250
Net Interest	500
Non-durable Goods	2,000
Personal Taxes	1,000
Rental Income	200
Services	4,000
Federal Government Spending	300

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