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calculate the gdp, gnp, nnp, and government consumption and gross investment (G) given the following data

From the provided table, I will use the relevant data to calculate the GDP, GNP, NNP, and government consumption and gross investment (G).

### 1. **Gross Domestic Product (GDP):**
GDP is calculated using the **expenditure approach** formula:

\[
GDP = C + I + G + (X - M)
\]

Where:
- \(C\) = Personal Consumption Expenditure = 1,540.00
- \(I\) = Investment (Residential Investment + Nonresidential Investment) = 110 + 220 = 330.00
- \(G\) = Government Consumption and Gross Investment (this needs to be determined, labeled as \(G\))
- \(X\) = Exports = 132.00
- \(M\) = Imports = 242.00

Thus, GDP formula becomes:

\[
GDP = 1,540 + 330 + G + (132 - 242)
\]
\[
GDP = 1,540 + 330 + G - 110
\]
\[
GDP = 1,760 + G - 110
\]
\[
GDP = 1,650 + G
\]

Hence, we need \(G\) (Government Consumption and Gross Investment) to calculate GDP fully. This value isn't explicitly given in the table, but we can rearrange it from the GDP formula.

---

### 2. **Gross National Product (GNP):**
\[
GNP = GDP + \text{Receipts of Factor Income from the Rest of the World} - \text{Payments of Factor Income to the Rest of the World}
\]

\[
GNP = GDP + 70 - 50
\]
\[
GNP = GDP + 20
\]

---

### 3. **Net National Product (NNP):**
\[
NNP = GNP - \text{Depreciation}
\]
\[
NNP = (GDP + 20) - 66
\]
\[
NNP = GDP - 46
\]

---

### 4. **Government Consumption and Gross Investment (G):**
\(G\) can be obtained using the **National Income formula**:

\[
\text{National Income} = NNP
\]

\[
\text{National Income} = NNP + \text{Depreciation}
\]

Given:
- National Income = 2,154
- Depreciation = 66

Substitute to find NNP:

\[
2,154 = NNP
\]

Now substitute into the NNP equation:

\[
NNP = GDP - 46
\]
\[
2,154 = GDP - 46
\]
\[
GDP = 2,154 + 46
\]
\[
GDP = 2,200
\]

Now solve for \(G\) from the GDP equation:

\[
2,200 = 1,650 + G
\]
\[
G = 2,200 - 1,650
\]
\[
G = 550
\]

---

### Final Answers:
1. **GDP** = 2,200
2. **GNP** = 2,220
3. **NNP** = 2,154
4. **Government Consumption and Gross Investment (G)** = 550

---

Would you like to dive deeper into any of these calculations or explore related concepts? Here are some follow-up questions you might find helpful:

1. How does the expenditure approach compare to the income approach in calculating GDP?
2. What is the significance of the difference between GDP and GNP?
3. Why is depreciation subtracted to calculate NNP?
4. How can you use the GDP deflator to adjust nominal GDP to real GDP?
5. What are some examples of government consumption and gross investment in real-world economies?

**Tip:** Always check the components included in the GDP and GNP calculations, as different methods may include or exclude certain items based on national accounting standards.

Learn how to calculate key macroeconomic indicators such as GDP, GNP, and NNP using expenditure formulas. This problem breaks down the steps for determining national accounting metrics, including government consumption and gross investment (G), from provided economic data.

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