Answered: where they will show up in GDP…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

For each of the following say where they will show up in GDP calculations (i.e. under C, I, G, Exports, Imports) and explain why. If they do notshow up anywhere, say so and explain why.

b. The City of Spokane buildsseveral new roads in Spokane.

Expert Solution

Step 1

GDP-

It measures the total amount of all the finished goods & services produced by a nation in an year.

Y= C+I+G+NX

Where,

Y= Output

C= Consumption

I= investments

G= Government spending

NX = net exports

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