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a) Using the information in the table above, calculate the value of GDP for Sandy Island in 2019 (Show your calculation).
b)Calculate the value of net exports (Show your calculation).

a Using the information in the table above calculate the value of GDP for Sandy Island in 2019 Show your calculation bCalculate the value of net exports Show yo class=

Respuesta :

a) Sandy Island's 2019 GDP is $1,200 billion.

b) The value of the net exports is -$200 billion ($300 - $500 billion).

Data and Calculations:

Personal Consumption Expenditure = $900 billions

Government Expenditure = $300 billion

Net Indirect Taxes = $350 billion

Investment Expenditure = $200 billion

Exports of goods and services = $300 billion

Imports of goods and services = $500 billion

Depreciation = $100 billion

In Economics, Sandy Island's 2019 GDP is defined by the following formula: GDP = C + I + G + NX

Where GDP = Gross Domestic Product

C = Personal Consumption Expenditures

I = Investment (business expenditures and home purchases by households)

G = Government Expenditure or Spending

NX = Exports - Imports

Thus, Sandy Island's 2019 GDP = $1,200 ($900 + $200 + $300 + $300 - $500) billion.

Learn more: calculating a nation's GDP here: https://brainly.com/question/1384502

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