Using the Expenditure Approach, Calculate GDP Using the Following Data

question 6

Essay

Using the expenditure approach, calculate GDP using the following data. $$\begin{array} { | l | r | } \hline { \text { Item } } & \text { Amount in dollars (billions) } \\\hline \text { Consumption } & 7,600 \\\hline \text { Consumption of Durable Goods } & 1,600 \\\hline \text { Consumption of Nan Durable Gaods } & 2,800 \\\hline \text { Cansumptian of Services } & 3,200 \\\hline \text { Investment } & 2,750 \\\hline \text { Fixed Investment } & 1,000 \\\hline \text { Government purchases af Goods \& Services } & 1,675 \\\hline \text { Govermment Transfer Payyents } & 450 \\\hline \text { Exgarts } & 750 \\\hline \text { Imparts } & 1,600 \\\hline \text { GDP Equals } & \\\hline\end{array}$$

---

Definitions:

Same Market

Refers to a situation where companies or products target the same customer segment or geographic area.

BCG Business Portfolio Analysis

A strategic planning tool used by companies to categorize their business units or products based on market growth rate and market share relative to the largest competitor.

Market Growth Rate

The increase in the size of a specific market over a set period, usually expressed as a percentage.

Relative Market Share

A measure of a company's sales volume compared to its leading competitor in the same market.