Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was
A) $34.5 billion.
B) $36.5 billion.
C) $34 billion.
D) $24.5 billion.
E) undetermined without information about imports.
Correct Answer:
Verified
Q12: Consumption expenditure includes spending
A)by governments when they
Q13: Economists define investment to include purchases of
A)capital
Q14: Which of the following is NOT included
Q15: A business cycle has two turning points,
Q16: The value of leisure time is
A)directly included
Q18: Real GDP measures the value of goods
Q19: In one year, a firm increases its
Q20: Depreciation is
A)part of net domestic product at
Q21: Instead of taking the dirty laundry with
Q22: In recent years, which of the following
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