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Use the Following to Answer Questions: Table: Data from Europia

Question 165

Multiple Choice

Use the following to answer questions: Table: Data from Europia  Account  Amount  Consumption expenditures $9,000 Business profits 2,500 Exports 800 Imports 1,000 Wages and Salaries 8,000 Government purchases 3,000 Rent receipts 500 Investment expenditures 2,000\begin{array} { l c } \hline \text { Account } & \text { Amount } \\\hline \text { Consumption expenditures } & \$ 9,000 \\\text { Business profits } & 2,500 \\\text { Exports } & 800 \\\text { Imports } & 1,000 \\\text { Wages and Salaries } & 8,000 \\\text { Government purchases } & 3,000 \\\text { Rent receipts } & 500 \\\text { Investment expenditures } & 2,000 \\\hline\end{array}
-(Table: Data from Europia) Based on the data in the table, what is GDP in the economy of Europia?


A) $13,000
B) $13,800
C) $14,800
D) $15,800

Correct Answer:

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