(Solved): Use the following data to calculate Real GDP: Real Consumption \( =\$ 2,000,000 \) Real Gross Priva ...

Use the following data to calculate Real GDP: Real Consumption \( =\$ 2,000,000 \) Real Gross Private Investment \( =\$ 600,000 ; \) Government Purchases \( =\$ 500,000 \), and Real Net Exports \( = \) \( -\$ 40,000 \) Real GDP \( =\$ 2,720,000 \) Real GDP \( =\$ 3,060,000 \) Real GDP \( =\$ 3,140,000 \). Real GDP cannot be determined due to insufficient data