Assume an open economy in which GDP is $20 trillion. If consumption is $14 trillion, government spending is $3 trillion, taxes are $2 trillion, government transfers are $0, exports are $2 trillion, and imports are $3 trillion, what is investment spending? a) $2 trillion b) $1 trillion c) $4 trillion d) $3 trillion

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A: Hello, thank you for the question. Since there are many subparts in the question, only the first…

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A: Hello, thank you for the question. Since there are many subparts in the question, only the first…

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Q: how much is GDP

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