The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet,the currency of country XYZ.
a.Calculate net exports
b.Calculate GDP
c.Calculate national income
d.Assume that the GDP deflator is 120 and calculate real GDP for 2003.
Definitions:
Primary Storage
Also known as main memory, it is the storage within a computer that is directly accessible to the CPU, used for storing currently executing programs and immediately needed data.
Program Instructions
Specific commands or sets of commands designed to be executed by a computer to perform a particular task.
Eight Bit String
A sequence of eight bits (binary digits), often used to represent a single character of text in computer processing.
Byte
A unit of digital information in computing and telecommunications that most commonly consists of eight bits.
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