Question

The table below contains data for country A for the year 2010.

Answer 1

Solution :

a). The GDP of country A in 2010 is : 7253

GDP = consumption + investment + government purchase + net exports

        = (1293+1717+301+704) + (310+374+611) + (1422+553) + (88-120)

        = 7253

b). The consumption of the country A in 2010 is :

     = $ 1293 + $ 1717 + $ 301

     = $ 3311

c). The investment of country A is :

      = $ 704 + $ 310 + $ 374 + $ 611

      = $ 1999

d). The government purchases of the country A in the year 2010 is :

     = $ 1422 + $ 553

     = $ 1975

e). The export of the country A in year 2010 is $ 88.

f).  The import of the country A in year 2010 is $ 120.

g). The net export of country A is given by :

     Net export = export - import

                       = $88 - $ 120

                       = - $ 32