In a given year an economy has consumption of $3,000,investment of $2,000,government purchases of $1,500,exports of $500,imports of $600,taxes of $1200,transfer payments of $400,and depreciation of $300.This economy's GDP is
A) $6,400.
B) $7,000.
C) $7,600.
D) $8,900.
Correct Answer:
Verified
Q123: In a certain economy in 2005,government purchases
Q124: In the United States in 2004,consumption represented
Q125: Real GDP
A)evaluates current production at current prices.
B)evaluates
Q126: In 2004,U.S.net exports were
A)positive and about 2
Q128: In 2004,GDP per person in the United
Q129: In 2004 in the U.S.,the four components
Q130: For a certain economy in 2005,GDP was
Q131: In the United States in 2004,purchases of
Q132: In 2004,government purchases of goods and services
Q264: Which of the following statements about GDP
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