Using the information in the table below, calculate GDP using the expenditure approach. NZSNA component $billions Gross fixed capital formation - investment 41 Net indirect taxes 34 Exports 10 Imports Consumption expenditure - private Consumption expenditure - government Gross operating surplus O$136 billion O $170 billion $129 billion $148 billion 48 a ô 40 53

Using the information in the table below, calculate GDP using the expenditure approach. NZSNA component $billions Gross fixed capital formation - investment 41 Net indirect taxes 34 Exports 10 Imports Consumption expenditure - private Consumption expenditure - government Gross operating surplus O$136 billion O $170 billion $129 billion $148 billion 48 a ô 40 53

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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