Introduction:
GDP is the most widely reported measure of the economy's output. It is the market value of the final goods and services produced in the economy within a particular time period.
Tasks:
Compute the GDP of Tanzania by using the following hypothetical information (all amounts are in trillions of dollars):
Consumption spending $150
Gross investment $55
Net investment $50
Government purchases $75
Government transfer payments $30
Imports $25
Exports $20