The table lists some macroeconomic data for the United States in 2009 in billions of dollars: Wages paid to labor 8,000 Consumption expenditure 10,000 • Other factors income 3,400 • Investment 1,500 Government expenditure 2,900 • Net exports -340 1. Calculate U.S. GDP in 2009.
The table lists some macroeconomic data for the United States in 2009 in billions of dollars: Wages paid to labor 8,000 Consumption expenditure 10,000 • Other factors income 3,400 • Investment 1,500 Government expenditure 2,900 • Net exports -340 1. Calculate U.S. GDP in 2009.
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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![The table lists some macroeconomic data for the United States in 2009 in billions of
dollars:
Wages paid to labor 8,000
Consumption expenditure 10,000
• Other factors income 3,400
• Investment 1,500
Government expenditure 2,900
• Net exports -340
1. Calculate U.S. GDP in 2009.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bd803c6-6901-4880-95e0-faa9ad027e1a%2F07c63e87-2f5b-496c-896b-2d00fbc3d7e9%2F0epjox_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table lists some macroeconomic data for the United States in 2009 in billions of
dollars:
Wages paid to labor 8,000
Consumption expenditure 10,000
• Other factors income 3,400
• Investment 1,500
Government expenditure 2,900
• Net exports -340
1. Calculate U.S. GDP in 2009.
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