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Suppose You Are Given the Following Information About Country A

Question 120

Essay

Suppose you are given the following information about Country A: Suppose you are given the following information about Country A: (A)Calculate Country A's GDP. (B)Which of the three approaches did you use to calculate GDP? Explain what information you would need to calculate GDP using the other two approaches. (C)Calculate national saving. (D)Calculate private saving.
(A)Calculate Country A's GDP.
(B)Which of the three approaches did you use to calculate GDP? Explain what information you would need to calculate GDP using the other two approaches.
(C)Calculate national saving.
(D)Calculate private saving.

Correct Answer:

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(A)GDP = C + I + G + EX - IM
= 700,000 +...

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