Question
Total value of all assets in US
YEAR
...total value of all final services in US
...total value of all final goods in US
...final goods and services produced by American firms in other countries
^ If I knew everything above, how would I calculate the GDP for the given year?
YEAR
...total value of all final services in US
...total value of all final goods in US
...final goods and services produced by American firms in other countries
^ If I knew everything above, how would I calculate the GDP for the given year?
Answers
bobpursley
wouldn't you have to know consumer spending?
http://www.mindtools.net/GlobCourse/formula.shtml
http://www.mindtools.net/GlobCourse/formula.shtml
Here are the numbers:
10 trillion
2006
...100 billion
...300 billion
...100 billion
GDP for 2006?
(a) 400 billion
(b) 500 billion
(c) 600 billion
(d) 10.4 trillion
10 trillion
2006
...100 billion
...300 billion
...100 billion
GDP for 2006?
(a) 400 billion
(b) 500 billion
(c) 600 billion
(d) 10.4 trillion
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