Grossmania gave the following additional information on its national economy Items Billions of dollars Consumer Expenditure 110 Gross fixed capital formation 30 Exports 50 Imports 30 Government Purchases 30 Increasing Stock 150 Indirect taxes 455 Factor incomes going out of the country 50 Factor incomes coming into the country 60 Subsidy 20 Capital consumption 30 Proprietors Income 40 Calculate the following for Grossmania: The Total Domestic Expenditure The Total Final Expenditure GDP using the expenditure approach

Grossmania gave the following additional information on its national economy Items Billions of dollars Consumer Expenditure 110 Gross fixed capital formation 30 Exports 50 Imports 30 Government Purchases 30 Increasing Stock 150 Indirect taxes 455 Factor incomes going out of the country 50 Factor incomes coming into the country 60 Subsidy 20 Capital consumption 30 Proprietors Income 40 Calculate the following for Grossmania: The Total Domestic Expenditure The Total Final Expenditure GDP using the expenditure approach

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Items	Billions of dollars
Consumer Expenditure	110
Gross fixed capital formation	30
Exports	50
Imports	30
Government Purchases	30
Increasing Stock	150
Indirect taxes	455
Factor incomes going out of the country	50
Factor incomes coming into the country	60
Subsidy	20
Capital consumption	30
Proprietors Income	40