Exhibit 11-3 GDP data (billions of dollars)
-Use the information in Exhibit 11-3 to compute GDP.Which of the following is correct?
A) $8500 billion.
B) $8400 billion.
C) $7400 billion.
D) $8650 billion.
E) $8350 billion.
Correct Answer:
Verified
Q40: The circular flow model shows the flow
Q41: Exhibit 11-1 Expenditure approach Q42: Exhibit 11-2 GDP data (billions of dollars) Q43: Assume that household consumption is $500 billion,gross Q44: In economics,the term 'investment' refers to: Q44: Household consumption expenditures include: Q46: Exhibit 11-1 Expenditure approach Q49: Exhibit 11-3 GDP data (billions of dollars) Q50: Exhibit 11-2 GDP data (billions of dollars) Q60: Narrbegin Exhibit 11.1 Expenditure approach
A)purchasing shares
A) investment expenditure.
B) used
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