38)The following data are for a hypothetical economy in billion. What is GDP? Consumption Expenditure, C $900 Government Purchases, G $140 Net Taxes, T $200 Transfer Payments $100 Gross private Domestic Investment, I $60 Corporate Profits $100 Wages $800 Exports $100 Imports $200 Select one: a. 1220 b. 1200 c. 1000 d. 1100 e. 900
38)The following data are for a hypothetical economy in billion. What is GDP? Consumption Expenditure, C $900 Government Purchases, G $140 Net Taxes, T $200 Transfer Payments $100 Gross private Domestic Investment, I $60 Corporate Profits $100 Wages $800 Exports $100 Imports $200 Select one: a. 1220 b. 1200 c. 1000 d. 1100 e. 900
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 5CQQ
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38)The following data are for a hypothetical economy in billion. What is GDP?
Consumption Expenditure, C |
$900 |
Government Purchases, G |
$140 |
Net Taxes, T |
$200 |
Transfer Payments |
$100 |
Gross private Domestic Investment, I |
$60 |
Corporate Profits |
$100 |
Wages |
$800 |
Exports |
$100 |
Imports |
$200 |
Select one:
a. 1220
b. 1200
c. 1000
d. 1100
e. 900
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