Solved

-Using the Information in the Table Above, Calculate Gross Domestic

Question 134

Multiple Choice

 Component  Amount  (dollars)   Net taxes 10 Personal consumption  expenditure 50 Depreciation 8 Government expenditure 20 Gros investment 26 Net exports 10 Compensation of  employees 65\begin{array}{|l|l|}\hline \text { Component } & \begin{array}{l}\text { Amount } \\\text { (dollars) }\end{array} \\\hline \text { Net taxes } & 10\\\hline \begin{array}{l}\text { Personal consumption } \\\text { expenditure }\end{array} & 50 \\\hline \text { Depreciation } & 8 \\\hline \text { Government expenditure } & 20 \\\hline \text { Gros investment } & 26 \\\hline \text { Net exports } & -10 \\\hline \begin{array}{l}\text { Compensation of } \\\text { employees }\end{array} & 65 \\\hline\end{array}
-Using the information in the table above, calculate gross domestic product.


A) $78
B) $118
C) $108
D) $86

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents