Question Details

What is the amount of its net investment and its depreciation  




1) Assume a small nation has the following statistics: its consumption expenditure is $15 million,
investment is $2 million, government purchases of goods and services is $1 million, exports of
goods and services to foreigners is $1 million, and imports of goods and services from foreigners
is $1.5 million. Calculate this nationʹs GDP.
2) On January 1, 2010, United Delivery had trucks valued at $1.3 million. During 2010, United
Delivery purchased new trucks valued at $500,000. If the value of the trucks on December 31,
2010 was $1.5 million, what is the amount of its net investment and its depreciation during
2010?



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