Given the Expenditure Side of Aggregate Output in the Economy

Given the Expenditure Side of Aggregate Output in the Economy

5. Given the Expenditure Side of Aggregate Output in the Economy:
 Personal Consumption $200
 Government Purchases 50
 Gross Private Investment 40
 Exports 30
 Imports 40
a) Calculate the Gross Domestic Product
b) Calculate the Net Exports
c) Why only Final Sale Prices are included in the GDP?

 

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