amounted to $7,000; consumption amounted t $2,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows tha government purchases amounted to: a. $2,600. b. $2,400. c. $4,600. d. $1,325.

amounted to $7,000; consumption amounted t $2,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows tha government purchases amounted to: a. $2,600. b. $2,400. c. $4,600. d. $1,325.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a country called Disney World, in 2020, GDP
amounted to S$7,000; consumption amounted to
$2,000; government purchases were equal to
investment; and the value of imports exceeded
the value of exports by $200. It follows that
government purchases amounted to:
a. $2,600.
b. $2,400.
c. $4,600.
d. $1,325.
e. $3,500

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