Macroeconomics: LP5 Assignment



LP5 Assignment

Here is the formula for Determining Gross Domestic Product (GDP)

Y (GDP) = C + I + G + E

Where,

I = Industry Investment

C = Consumer Spending

G = Government Spending

E = Excess of Exports over Imports

The following table of information comes from Appendix B of the 2004 Economic Report of the President. It was edited by MindTools.net to make it more concise:

Apply the GDP formula to compute the missing amounts (i.e., the GDP figures for 1994, 1998 and 2001). Submit the results to your instructor via the Drop Box "LP5 Assignment". Be ...