If C = $400,I = $100,G = $50,NX = $30,and NFP = $5,how much is GDP?
A) $580
B) $575
C) $585
D) $550
Correct Answer:
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Q17: The value added of a producer is
Q18: Which of the following is included in
Q19: The fundamental identity of national income accounting
Q20: The accounting framework used in measuring current
Q21: Monica grows coconuts and catches fish.Last year
Q23: GDP differs from GNP because
A)GDP = GNP
Q24: The income-expenditure identity says that
A)Y = C
Q25: Nations such as Egypt and Turkey may
Q26: Business fixed investment includes purchases of
A)capital equipment
Q27: Capital goods are
A)not counted in GDP as
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