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(Expenditure Approach to GDP) Given the following annual information about a hypothetical country, answer questions a through d.
Billions of Dollars
Personal consumption expenditures $200 Personal taxes 50
Exports 30
Depreciation 10
Government purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20
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?
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a use the following table to find the real gdp in 2012 and 2004.itemquantity000s2004quantitynbsp000s2012price
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