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The table below shows the values for several different components of GDP. What is the value of...

Question:

The table below shows the values for several different components of GDP.

What is the value of total gross investment?

Investment:

Investment refers to the accumulation of capital possessions such as inventory, structures, and equipment. Investment plays an important role in increasing the future productivity of a country.

Key Vocabulary

  • GDP: A macroeconomic indicator that measures the total output of new products for an economy during a specific period of time.
  • Capital Goods: Reusable goods that are used to make goods and services in an economy.
  • Consumption: The amount of spending on finished goods and services by households within an economy.
  • Firms: A term used to describe producers in a market-based economy.
  • Households: A term used to describe consumer units in a market-based economy.

Answer and Explanation:

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Gross Private Domestic Investment: Definition & Formula

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Chapter 24 / Lesson 13
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In this lesson, you will define the concept of gross private domestic investment (GPDI), list the factors that are used to determine it, and learn to calculate it using a simple formula.


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