Here is the basic formula for calculating GDP (or Gross Dome

Custom Essays Economics Here is the basic formula for calculating GDP (or Gross Dome

Economics

Here is the basic formula for calculating GDP (or Gross Dome

Here is the basic formula for calculating GDP (or Gross Domestic Product) [Y = C + I + E + G] where … Show more Here is the basic formula for calculating GDP (or Gross Domestic Product) [Y = C + I + E + G] where •Y = GDP •C = Consumer Spending •I = Industry Investment •E = Excess of Exports over Imports (Net Exports of Goods & Services) •G = Government Spending Use the following table of information to: Apply the GDP formula to compute the missing amounts -BE SURE TO SHOW ALL YOUR WORK PLEASE A B C D E F Personal Gross Govt year or Gross Consumption Private Consumption Consumption quarter domestic Expenditures domestic expenditures & expenditures & product Total Total net Total exports 1990 5803.1 3839.9 861 -78 1180.2 1991 5995.9 3986.1 802.9 -27.5 1234.4 1992 6337.7 4235.3 864.8 -33.2 1271 1993 6657.4 4477.9 953.4 -65 1291.2 1994 4743.3 1097.1 -93.6 1325.5 1995 7397.7 4975.8 1144 -91.4 1369.2 1996 7816.9 5256.8 1240.3 -96.2 1416 1999 8304.3 5547.4 1389.8 -101.6 1468.7 1998 5879.5 1509.1 -159.9 1518.3 1999 9268.4 6282.5 1625.7 -260.5 1620.8 2000 9817 6739.4 1735.5 -379.5 1721.6 2001 7045.4 1607.2 -366.5 1814.7 2002 10480.8 7385.3 1589.2 -426.3 1932.5 • Show less

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