If consumption expenditures are $500 million, net investment is $100 million, depreciation equals
$5 million, imports are $50 million, exports are $55 million, government expenditure on goods and services is $220 million, and government transfer payments are $20 million, then GDP is
A) $845 million.
B) $825 million.
C) $800 million.
D) $790 million.
Correct Answer:
Verified
Q102: The circular flow shows that the household
Q103: A common definition of a recession is
Q104: Which of the following expressions equals GDP?
A)Compensation
Q105: The circular flow diagram shows that
A)the total
Q106: To measure GDP using the expenditure approach
Q108: A country that has a large real
Q109: Which of the following is NOT part
Q110: Gross domestic product can be calculated
A)by adding
Q111: All of the following household expenditures are
Q112: In the country of Darrowby, net domestic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents