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Formula for measurement on demand side of gdp

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Reference no: EM133256125

a) What is the formula for measurement on the demand side of GDP? Also, mention what each term in the formula represents.

b) Calculate the GDP using only those numbers that may be relevant from the following numbers

Consumption $60B

Government purchases $10B

Taxes $15B

Private Sector Gross Investment $10B

Savings $10B

Imports $6B

Exports $8B

Reference no: EM133256125

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