Assume that household consumption is $500 billion, gross private domestic investment is $300 billion, government investment is $40 billion, and net exports are -$10 billion. The GDP is:
A) $850 billion.
B) $830 billion.
C) $890 billion.
D) None of the above.
Correct Answer:
Verified
Q41: Narrbegin Exhibit 11.3 GDP data (billions
Q42: Gross national expenditure (GNE) is equal to:
A)
Q43: Narrbegin Exhibit 11.2 GDP data (billions
Q44: Household consumption expenditures include:
A) investment expenditure.
B) used
Q45: Which of the following would not be
Q47: Narrbegin Exhibit 11.1 Expenditure approach
Q48: Household consumption:
A) only accounts for about 20
Q49: Narrbegin Exhibit 11.1 Expenditure approach
Q50: Narrbegin Exhibit 11.2 GDP data (billions
Q51: In economics, the term 'investment' refers to:
A)
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