Scenario 8-3. Assume the following information for an imaginary, open economy.
Consumption = $1,000; investment = $300; net exports = $100;
taxes = $230; private saving = $200; and national saving = $150.
-Refer to Scenario 8-3. For this economy, GDP equals
A) $1,400.
B) $1,430.
C) $1,580
D) $1,680.

Question

Quizplus · Accepted Answer

The Answer of Scenario 8-3. Assume the following information for an imaginary, open economy.
Consumption = $1,000; investment = $300; net exports = $100;
taxes = $230; private saving = $200; and national saving = $150.
-Refer to Scenario 8-3. For this economy, GDP equals
A) $1,400.
B) $1,430.
C) $1,580
D) $1,680.