Question 4 - What is the GDP using the expenditure approach Sr MSN.com Hotmail.

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Question 4 -   What is the GDP using the expenditure approach

Sr MSN.com Hotmail. Outlook. Chamberlain University XWeek 5: MEL HomeworkX Do Homework - Pamela Harris X https://wwww.mathxl.com/Student/PlayerHomework.aspx?homeworkld Q Search Principles of Economics Pamela Harris 11/24/17 11:00 AM Homework: Week 5 Homework 35 pts Save Score: 0 of 1 pt 4 of 35 (22 complete) HW Score: 61.9%, 21.67 of 35 pts Checkpoint 2 Problem 1 Question Help * The table shows some of the items in the U.S. National Income and Product Accounts in 2010. Use the expenditure approach to calculate U.S. GDP in 2010 U.S. GDP in 2010 using the expenditure approach was Amount (trlllons of dollars) 10.2 3.1 Item trillion. Indirect taxes less subsidies Depreciation Net factor income from abroad Investment Net exports Statistical discrepancy 0.2 0.5 Enter your answer in the answer box and then click Check Answer Clear All Check Answer 41 1:00 PM Type here to search 11/24/20173

Explanation / Answer

US GDP in 2010

=consumption+government expenditure+investment+net exports

=10.2+3.1+1.7-0.5

=14.50 trillion of dollars
the above is the answer

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