In a small economy in 2017 gross fixed capital formation is $1,500, final consumption spending is $6,000, net investment is $1,000, inventory investment is $1,500, exports are $2,000 and imports are $1,000.What is GDP for this economy in 2017?
A) $10,700
B) $10,300
C) $10,200
D) $10,000
E) $2,500
Correct Answer:
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