4. Use the information from the table below to calculate the GDP of this economy Consumption $800 billion expenditures Wages $800 billion Saving $50 billion Investment $200 billion expenditures Taxes net of $100 billion Transfers Government $300 billion purchases Exports $100 billion Imports $200 billion
4. Use the information from the table below to calculate the GDP of this economy Consumption $800 billion expenditures Wages $800 billion Saving $50 billion Investment $200 billion expenditures Taxes net of $100 billion Transfers Government $300 billion purchases Exports $100 billion Imports $200 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:4. Use the information from the table below to calculate the GDP of this economy
Consumption $800 billion
expenditures
Wages
$800 billion
Saving
$50 billion
Investment $200 billion
expenditures
Taxes net of $100 billion
Transfers
Government $300 billion
purchases
Exports
$100 billion
Imports
$200 billion
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