The data for the country of Upper Mongoose are given in the table below. Net exports $ 50 Value of new goods and services produced in the underground economy 100 Personal consumption expenditures 350 Value of the services of stay-at-home parents 50 Gross domestic investment 100 Government purchases 100 Total $ 750 All figures are in billions of dollars. Category Value Net exports $ 50 Value of new goods and services produced in the underground economy 100 Personal consumption expenditures 350 Value of the services of stay-at-home parents 50 Gross domestic investment 100 Government purchases 100 Total $ 750 Instructions: In part a, enter your answer as a whole number. In parts b-c, round your answers to 2 decimal places. What is Upper Mongoose’s GDP for the year? $ billion What is the size of the underground economy as a percentage of GDP? percent By what percentage would GDP increase if the value of the services of stay-at-home spouses were included in GDP?
