If Gross Domestic Product (GDP) equals $1 trillion, gross private investment expenditures are $200 billion, exports equal imports, and government spending is $400 billion, then
A) consumption expenditures are $200 billion.
B) consumption expenditures are $400 billion.
C) spending on consumer durables must be $400 million.
D) we cannot determine what expenditures on consumption are without more information.
Correct Answer:
Verified
Q185: If Net Domestic Product (NDP) is $50
Q186: If all other factors are held constant,
Q187: Depreciation is
A) added to Gross Domestic Product
Q188: An example of an increase in gross
Q189: The components of the expenditure approach to
Q191: Calculating Gross Domestic Product (GDP) by the
Q192: If C = consumption, G = government
Q193: Food and gasoline can be classified as
A)
Q194: Durable consumer goods are goods that
A) last
Q195: Fixed investment includes
A) business spending on plant
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