Suppose the nation's Expenditure on Consumption (C) amounts to $35000, Expenditure on Investment (I) stands at $15000, Government Expenditure (G) equals $2800, Export Revenues (X) total $3000, and Import Costs (M) tally to $2500. Calculate the nation's GDP.A.$52000B.$52300C.$53300D.$52800

Calculate GDP with expenditure approach. GDP is $million.

If GDP (measured in billions of current dollars) is $5,465, consumption is $3,657, investment is $741, and net exports are –$1,910, then government purchases are:

The correct formula for calculating the gross domestic product (GDP) by the expendituremethod for an open economy isA. consumption + investment + government spending.B. consumption + investment + government spending + exports – imports.C. consumption + investment + government spending + net income from abroad.D. consumption + government revenue + exports – imports – government spending.

Real GDP (Y) Consumption expenditure (C) Investment (I) Government expenditure (G) Exports (X) Imports (M) 1.0 2.0 3.0 4.0 5.0 6.0 1.00 1.65 2.30 2.95 3.60 4.25 0.5 0.5 0.5 0.5 0.5 0.5 0.7 0.7 0.7 0.7 0.7 0.7 0.45 0.45 0.45 0.45 0.45 0.45 1.15 0.30 0.45 0.60 0.75 0.90 Using the table above, NOTE When Y = 1.0, M should be 0.15 NOT 1.15. Assume t =0. Answer the following questions: a. Autonomous Expenditure = A0 = C + I + G + X – M b. MPC = MPS = ________________________ c. MPM = _______________________ MP to Spend = z = ___________________________ d. AE Function = ___________________ The Expenditure Multiplier = __________________ e. Equilibrium expenditure is = _______________________

Which of the following is NOT true for a country’s GDP calculation using the expenditure method?Question 27Select one:a.The higher the value of exports (X) the higher the higher the value of GDP.b.The higher the value of investment spending (I) the higher the value of GDP.c.The higher the value of government spending (G) the higher the value of GDP.d.The higher the value of consumption spending (C) the higher will be the value of GDP.e.The higher the value of imports (M) the higher the higher the value of GDP.