What is the value for net exports if consumer spending is $24,258, gross private domestic investment is $8,082, government purchases are $9,528, exports are $1,542, imports are $2,447, wages are $11,481, and indirect business taxes are $1,229? Other potentially useful components are unknown. Enter the value without a $ and without commas.
What is the value for net exports if consumer spending is $24,258, gross private domestic investment is $8,082, government purchases are $9,528, exports are $1,542, imports are $2,447, wages are $11,481, and indirect business taxes are $1,229? Other potentially useful components are unknown. Enter the value without a $ and without commas.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy
Problem 2ST
Related questions
Question
What is the value for net exports if consumer spending is $24,258, gross private domestic investment is $8,082, government purchases are $9,528, exports are $1,542, imports are $2,447, wages are $11,481, and indirect business taxes are $1,229? Other potentially useful components are unknown. Enter the value without a $ and without commas.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax