The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet, the currency of country XYZ.
|
Gross Private Domestic Investment
|
$300
|
|
Business Fixed Investment
|
$200
|
|
Change in Inventories
|
$100
|
|
Exports
|
$200
|
|
Imports
|
$200
|
|
Personal Consumption Expenditures
|
$800
|
|
Government Consumption Expenditures and Gross Investment
|
$500
|
|
Statistical Discrepancy
|
$10
|
|
Depreciation Expenditures
|
$50
|
a. Calculate net exports
b. Calculate GDP
c. Calculate national income
d. Assume that the GDP deflator is 120 and calculate real GDP for 2003.