Assume that household consumption is $500 billion,gross private domestic investment is $200 billion,government expenditure is $200 billion,and net exports are -$10 billion.The GDP is:
A) $910 billion.
B) $900 billion.
C) $890 billion.
D) $700 billion.
E) indeterminate as not enough information is provided.
Correct Answer:
Verified
Q38: Which one of the following statements is
Q40: The circular flow model shows the flow
Q41: Exhibit 11-1 Expenditure approach Q42: Exhibit 11-2 GDP data (billions of dollars) Q44: In economics,the term 'investment' refers to: Q44: Household consumption expenditures include: Q45: Exhibit 11-3 GDP data (billions of dollars) Q46: Exhibit 11-1 Expenditure approach Q60: Narrbegin Exhibit 11.1 Expenditure approach Q73: The expenditure approach for the calculation of
![]()
A)purchasing shares
A) investment expenditure.
B) used
![]()
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