Given the following data for an open economy at current market prices for the year 2019: Net investment spending 1042 Government Expenditure 705 Consumption expenditure 1640 Depreciation 150 Net export 177 Export 693 GDP deflator 2016 (unit free) 121.2 Given the information above, answer the following questions What is the value of RGDP?
Given the following data for an open economy at current market prices for the year 2019: Net investment spending 1042 Government Expenditure 705 Consumption expenditure 1640 Depreciation 150 Net export 177 Export 693 GDP deflator 2016 (unit free) 121.2 Given the information above, answer the following questions What is the value of RGDP?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Given the following data for an open economy at current market prices for the year 2019:
Net investment spending |
1042 |
Government Expenditure |
705 |
Consumption expenditure |
1640 |
|
150 |
Net export |
177 |
Export |
693 |
|
121.2 |
Given the information above, answer the following questions
What is the value of RGDP?
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