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Econ

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Total value of all assets in US

YEAR
...total value of all final services in US
...total value of all final goods in US
...final goods and services produced by American firms in other countries

^ If I knew everything above, how would I calculate the GDP for the given year?

  • Econ - ,

    wouldn't you have to know consumer spending?

    http://www.mindtools.net/GlobCourse/formula.shtml

  • Econ - ,

    Here are the numbers:

    10 trillion

    2006
    ...100 billion
    ...300 billion
    ...100 billion


    GDP for 2006?
    (a) 400 billion
    (b) 500 billion
    (c) 600 billion
    (d) 10.4 trillion

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