
For a hypothetical economy in a given year, GDP was $1,171, consumption equaled $482, investment equaled $286, goods exported equaled $198, and goods imported equaled $57. What was government spending equal to?
A) $148
B) $403
C) $262
D) $544
E) None of these numbers are correct.
Correct Answer:
Verified
Q29: Gross domestic product is the sum of
A)
Q30: GDP can be calculated by adding
A) wages,
Q31: Real GDP measures
A) personal income adjusted for
Q32: The price index for the current year
Q33: Consider GDP calculated as expenditures. GDP would
Q35: A reduction in the value of capital
Q36: What is an indirect business tax?
A) A
Q37: World GDP is _ World GNP.
A) more
Q38: The difference between gross investment and net
Q39: GDP can be calculated by all of
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