Question

Personal consumption expenditure 200, Personal Taxes 50, Exports 30, Depreciation 10, Government Purchases 50, Gross private...

Personal consumption expenditure 200, Personal Taxes 50, Exports 30, Depreciation 10, Government Purchases 50, Gross private domestic Investment 40, Imports 40, Government transfer payments 20:

Please show and give an explanation to your answers provided  

a. What is the value of GDP?

b. What is the value of net domestic product?

c. What is the value of net investment

d. What is the value of net exports?

e. What is the value of disposable income?

Homework Answers

Answer #1

a. Value GDP:

GDP = Consumption + Investment + Government spending + (Exports – Imports)

GDP = C + I + G + (X – M)

GDP = 200 + 40 + 50 + (30 - 40)

GDP= 280

b. Value of net domestic product:

NDP = GDP – Depreciation

NDP = 280 – 10

NDP = 270

c. Value of net investment:

Net investment = Gross private domestic investment – Depreciation

Net investment = 40 – 10

Net investment = 30

d. Value of net exports:

Net exports = Exports – Imports

Net exports = 30 – 40

Net exports = -10

e. Value of disposable income:

Disposable income = GDP – Personal taxes

Disposable income = 280 – 50

Disposable income = 230

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