Geography, 30.03.2022 01:00 zaylencollins55

8-5. Consider the following hypothetical data for the US economy in 2023 (all amounts are in trillions of dollars) Consumption —- 14.0
Non-comed taxes net of subsidies-0.8
Depreciation—1.3
Government spending— 4.8
Imports—- 2.7
Go private domestic investment—-4.0
Exports—2.5

a. Based on the data, what is GDP NDP NI?

b. Suppose that in 2024. exports fall to 2.3 trillion, imports rise to 2.85 trillion and goes privale domestic investment falls to $425 trillion. What GDP 2014 assuming that other values do not change between 2017 and 2024.

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