
Assuming that C = $4,500,I = $1,000,G = $1,200,Exports = $450,Imports = $550,Depreciation = $600,and Indirect Business Taxes = $500 (all in billions of dollars) ,GDP equals:
A) $5,500 billion.
B) $6,000 billion.
C) $6,400 billion.
D) $6,600 billion.
Correct Answer:
Verified
Q23: In the equation GDP = C +
Q24: The rate of inflation measures the change
Q25: With respect to prices,at the macroeconomic level
Q26: If a country's national government wants to
Q27: The following question is an example of
Q29: Gross Domestic Product (GDP)is defined as the
Q30: Which of the following would have the
Q31: The term "relative price" is used to
Q32: Managerial economics refers to the application of
Q33: The type of policy that involves changes
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