Calculate GDP using the information in the table below. $Billions Government purchases of goods 1200 Services 500 Imports 400 Change in business inventories 50 Durable goods 300 Nondurable goods 600 Exports 250 Residential investment 200 Government purchases of services 500 Nonresidential investment 650 Select one: O a. 4000 Ob-4150 B850- 465e

Calculate GDP using the information in the table below. $Billions Government purchases of goods 1200 Services 500 Imports 400 Change in business inventories 50 Durable goods 300 Nondurable goods 600 Exports 250 Residential investment 200 Government purchases of services 500 Nonresidential investment 650 Select one: O a. 4000 Ob-4150 B850- 465e

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Calculate GDP using the information in the table below.
SBillions
Government purchases of goods 1200
Services
500
Imports
400
Change in business inventories
50
Durable goods
300
Nondurable goods
600
Exports
250
esidential investment
200
Government purchases of services 500
Nonresidentiallinvestment
650
Select one:
4000
b. 4150
3850

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