Question

Category Value Net exports $ 50 Value of new goods and services produced in the underground economy 75 Personal consumption expenditures 300 Value of the services of stay-at-home parents 25 Gross domestic investment 100 Government purchases 50 Total $600

Answer 1

All these values are used to find Gross Domestic Product (GDP) of an economy. GDP includes 4 things C,I,G,NX. GDP means the value of Goods & Services produce within the boundary of an economy.

C is Consumption

I is Investment

G is Government Spending

NX is Net Exports

Answer 2

Net exports $ 50

New goods and services $75

Personal consumption expenditures $300

Value of the services of stay-at-home parents $25

Gross domestic investment $100

Government purchases $50

Total $600

Explanation: All these values ​​are used to calculate the balance of payments of a country and represent the changes that occur in the accounts to maintain the balance of the economy