(Expenditure Approach to GDP) Given the following annual information about a hypothetical country, answer questions a through d.
Billions of Dollars
Personal consumption expenditures $200
Personal taxes 50
Exports 30
Depreciation 10
Government purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20
- What is the value of GDP?
- What is the value of net domestic product?
- What is the value of net investment?
- What is the value of net exports?