An economy's GDP is $2000 billion, desired consumption spending $1200 billion, desired investment spending $500 billion, and government purchases $400 billion. The economy's absorption is -$100 billion. $2000 billion. $2100 billion. $1700 billion.

An economy's GDP is $2000 billion, desired consumption spending $1200 billion, desired investment spending $500 billion, and government purchases $400 billion. The economy's absorption is -$100 billion. $2000 billion. $2100 billion. $1700 billion.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQP

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Question

An economy's GDP is $2000 billion, desired consumption spending $1200 billion, desired investment
spending $500 billion, and government purchases $400 billion. The economy's absorption is
-$100 billion.
$2000 billion.
$2100 billion.
$1700 billion.

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