Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: Group of answer choices exports exceed imports by $50 billion. imports exceed exports by $50 billion. imports exceed exports by $150 billion. exports exceed imports by $150 billion.

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: Group of answer choices exports exceed imports by $50 billion. imports exceed exports by $50 billion. imports exceed exports by $150 billion. exports exceed imports by $150 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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