Given the Expenditure Side of Aggregate Output in the Economy

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5. Given the Expenditure Side of Aggregate Output in the Economy:
 Personal Consumption $200
 Government Purchases 50
 Gross Private Investment 40
 Exports 30
 Imports 40
a) Calculate the Gross Domestic Product
b) Calculate the Net Exports
c) Why only Final Sale Prices are included in the GDP?

 

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