-The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States.
a) What was the value of net exports of goods and services in 1999?
b) What was (nominal) GDP equal to in 1999?
c) What was the (nominal) value of total production equal to in 1999?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q319: What is a business cycle?
Q320: What is a recession?
Q321: What is "underground production"? Is it included
Q322: If depreciation exceeds gross investment, net investment
Q323: The circular flow diagram shows only the
Q325: The circular flow shows that aggregate spending
Q326: Explain how underground economic activity affects measurement
Q327: The circular flow diagram shows that the
Q328: When IBM, an American firm, produces computer
Q329: Explain how our economic welfare depends upon
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents